L&G GI business trims 2013 COR to 84% but flood losses loom
Legal & General’s general insurance business recorded an improved combined operating ratio for 2013 of 84% (2012: 95%), while premiums were up 7% to £375m.
The firm attributed underwriting discipline, improved claims handling processes and more benign weather for most of the year to the COR improvement.
On the GI outlook for 2014, an L&G statement in its
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