Chaucer reports higher profits, investment return
Business Insurance August 24th. 2009, 3:02pmChaucer, 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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