Savage upbeat on motor market outlook

Luke Savage

Lloyd's finance director said the UK motor insurance market is "over the worst of the soft cycle" and has expressed confidence that upcoming government reforms will further improve the sector's outlook.

Speaking after publication of Lloyd's 2012 results, FD Luke Savage said that the 3 percentage point year-on-year improvement to Lloyd's motor combined ratio to 104% was a sign of that the market is

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