Towergate boss Nathan unconcerned by plummeting Arista profits
Towergate Underwriting chief executive Clive Nathan has downplayed the implications of falling profits at newly acquired Arista by claiming the slump relates to the managing general agent’s decision to re-underwrite its motor book.
Speaking to Post at the 2014 British Insurance Brokers’ Association in Manchester this morning, Nathan attributed a 60% drop in profits at Arista last year to its move away from unprofitable motor
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