Ascot sees 2014 profits slide as CEO predicts 'challenging' year of trading
Ascot Underwriting CEO Andrew Brooks has vowed to maintain underwriting discipline amid a “challenging trading environment” in 2015, after the firm reported a dip in pre-tax profits last year.
Ascot recorded a drop in profits to £68.9m in 2014 (FY 2013: £79.9m) alongside a deterioration in combined operating ratio from 80.3% in 2013 to 83.3%.
Turning his attention to the year ahead, Brooks
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