Axa puts first half weather loss at £115m as UK GI profit drops £41m
Axa UK reported revenues in general insurance of £1.86 bn for the first half of 2007, up 9% on the same period in 2006 (£1.71bn). However, its profit and combined operating ratio were impacted as a result of £115m weather losses.
In a statement Axa UK said: "Personal motor in the UK contributed to a £91m growth in personal lines revenue, helped by the Swiftcover acquisition in February 2007, and its positive growth as an
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