Chartis International returns to profit in H1 2012 with 16 point COR swing
Chartis International has reported an operating income before net realised gains of $802m for the first six months of 2012 (2011 H1 $480m loss) on net premiums written of $9.33bn (2011 H1: $9.25bn).
Pre-tax income was $791m (2011 H1: $545m loss) and the combined ratio improved from 112.6% to 96.6%.
Chartis' commercial business contributed $3.9bn of NWP, $596m of operating income and a COR of 89.8
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