Royal & SunAlliance improves combined ratio in 2006 Q1

By Canadian Underwriter | May 31, 2006 | Last updated on October 1, 2024
1 min read

Royal & SunAlliance reported a strong start to 2006, with a combined operating ratio (COR) for the core group of 91.6% and 95.8% for the Canadian operation, which represents almost a three-point improvement over 2005 Q1.

In addition, Royal & SunAlliance Canada saw a 50% increase in its underwriting profit, which was US$18 million.

The company’s net written premiums were US$287 million in 2006 Q1, an increase of 11% over the same period last year. The company attributed this spike to an 87% retention rate, and profitable growth in both commercial and personal insurance.

In Canada, Royal & SunAlliance reported an increase of 50% in new business from newly appointed brokers since 2004. Royal & SunAlliance Canada has subsequently appointed another 29 brokers in the 2006 Q1.

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