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Insurance news weekly November 14, 2011 with Luke Savage from the Lloyd's

par News Assurances

In this week's top news Admiral's shares have dropped to the announcement of lower than expected full year results, and Luke Savage from the Lloyd's highlights how insurance prices are currently reacting. Admiral's reputation as one of the best underwriters in the market has taken a blow last week as the announcement that full year results will be lower than what analysts have forecasted. This is due to a higher level of large personal injury claims which could lead the group in a downgrade cycle. Across the globe, 2011 has been a year with an unprecedented level of large disasters. Premiums in these areas should be expected to rise strongly. However the Lloyd's Finance, Risk Management and Operation Director Luke Savage see the rates and premiums on the whole to be hovering, not really rising or falling. View all our videos here : http://www.newsinsurances.co.uk/toutes-les-videos

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