Aviva rules out target change despite over-achieving
Aviva has pinpointed a much improved private motor result as being pivotal to it posting an above-target combined ratio of 96% (H1 2010: 98%) for its half-year UK general insurance business. But despite emphasising “strong continued momentum” in UK GI following on from last year, the insurer has ruled out a formal upgrade of its operational target from the current 97%.
For the first six months of 2011, the combined ratio for private motor came in well below 100% at 94% revealed David McMillan, Aviva CEO for UK GI. He told Post: “It’s always good when something you
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