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by : Alpha Insurance Analysts

Chaucer Holdings PLC issused its first Interim Management Statement on 19th May 2008. The statement covers the period from 1 January 2008 to date.

Highlights

•  Encouraging underwriting start to 2008, with gross written premium income for the first quarter of £181.2m (Q1 2007 £178.9m)
•  Motor Division benefiting from improved UK motor rates
•  Increasingly selective underwriting in international marine and non-marine classes
•  Syndicate 1245 and 4000 transactions support strategy of developing additional income from syndicate investment and management activities
•  Investment performance affected by global economic and credit turbulence
•  Overall, the Group’s financial performance has been satisfactory and in line with management expectations.

Please click on the link below to read the full statement