Chaucer forecasts 20.3% profit for 2002 YOC

Chaucer insurance has improved its forecasts for the 2003 year of account and announced a profit of 20.3% for 2002.

The Lloyd's insurer said 2005 had started "encouragingly" with January renewal rates ahead of budget.

Chaucer's underwriting interests of £189.5m for 2002 produced a profit on stamp of 20.3% as

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