Personal Lines related articles – Page 94
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Online onlyLower reserve releases cut Allianz UK profit
Allianz UK made a first-half 2011 operating profit of £77.5m, down 1% on the £78.4m it made in last year’s first half.The company attributed the drop to lower reserve releases from prior years during 2011.Allianz’s combined ratio increased slightly to 96.1% from 95.3%. However, chief executive Andrew Torrance hailed the ...
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AnalysisWill the government pay for the riots?
Insurers are by no means guaranteed compensation for the recent damage
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NewsLV= profits rise but BI claims continue to bite
Insurer benefited from competitors’ renewal premium hikes as customers shop around
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