Posted by Admin | August 24, 2009

Chaucer reports higher profits, investment return

Chaucer, which covers marine, energy, aviation and several other lines of business, said Thursday that its gross written premiums for the first half increased 38.2% to 491 million ($809.6 million). Chaucer’s combined ratio improved to 91.3% compared with 97.2% a year ago.

Chaucer’s net investment return increased to 34.6 million ($57.1 million) for the first half of this year, compared with 1.5 million ($2.5 million) in 2008’s first six months.

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