Amlin says business is still mixed

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Tags: NULL whatsapp LLOYD’S insurance group Amlin said yesterday trading last quarter was mixed, as it posted a 39 per cent increase in premiums written in the year to date. The group wrote £1.92bn in the period, thanks to its acquisition of ACI and new business within its UK fleet motor and Bermuda arms. Amlin said catastrophe reinsurance premiums have suffered a drop, with massive claims linked to the Chilean and New Zealand earthquakes doing little to boost global prices. UK rates have increased 1.5 per cent in the year to date, though other sectors such as London marine have decreased. Returns on the firm’s £4.2bn investment efforts stood at 3.9 per cent, helping to offset downward pressure on premiums. The firm credited most of the gains to strength in the stock market, and said the feat was unlikely to continue long-term.“While we are trading in tougher market conditions, we remain on track to deliver a good current year return at this point in the insurance cycle,” said chief executive Charles Philipps. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Amlin says business is still mixed center_img KCS-content whatsapp Show Comments ▼ Monday 15 November 2010 7:48 pmlast_img

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