Ecclesiastical reports £100m swing in profits
Specialist insurer Ecclesiastical has announced a net profit of £79m for 2009 - a swing of almost £100m after a loss of £22.5m in 2008.
The insurer, which is owned by Allchurches Trust, also reported an 11% increase in gross written premium to £427.7m (2008: £403.6m) and an overall combined ratio of 89.6%, an improvement on 2008's 100
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