Chaucer profits fall due to cat exposure
Chaucer has attributed its fall in profit and property underwriting loss to its exposure to global catastrophes.
In its 2010 annual results, the Lloyd's insurer posted pre-tax profit of £32.9m - a 22% decrease on the £42m for 2009 - and an overall combined ratio of 99% (2009: 93%). Its property division reported
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Lloyd’s/London
Cliff to succeed Keese as Lloyd’s CFO
Lloyd’s chief financial officer Burkhard Keese is set to step down later this year, to be succeeded by his deputy Alexandra Cliff.
Extinction Rebellion identifies ‘wanted’ CEOs
Extinction Rebellion has targeted five insurance companies in the City of London this morning (30 January).
Two insurers fall short as Gracechurch hands out service awards
18 insurers across the UK regional and London markets have been awarded service quality marques by Gracechurch.
What insurers should do to stop sexual harassment
Analysis: Damisola Sulaiman reviews the progress of trade bodies in responding to the Financial Conduct Authority’s findings on sexual harassment in the industry and explores what steps insurers and brokers can take to prevent abusive incidents and the ramifications if they fail to do so.
Fitch expects mixed fortunes for UK non-life insurers in 2025
Fitch Ratings has predicted that the UK non-life insurance sector will have mixed fortunes in 2025, with some parts of the market facing an uphill battle to turn a profit.
Ki ‘well on its way’ to using AI
Ki Insurance is “well on its way” to using artificial intelligence in its system, according to CEO Mark Allan.
Blueprint Two build on track for Q1 completion
Lloyd’s deputy chief financial officer Alexandra Cliff has said the technology build for the market’s Blueprint Two modernisation programme is set to complete by the end of Q1.
Throwback Thursday: Lloyd’s IT update & General Accident’s anniversary
Insurance Post’s Throwback Thursday steps back in time to January 1985 to remind you what was going on this week in insurance history when Lloyd’s introduced a new computer system and General Accident celebrated its 100th birthday.