Generali reports flat H1 P&C result

Generali reported a modest uptick in group profits in H1 as its
P&C business generated an operating profit of EUR1.10bn
($1.29bn) that was 0.7 percent higher year-on-year.
The P&C combined ratio deteriorated 50 basis points in the
first six months of the year to 92.9 percent, despite 30 basis
points fewer of catastrophe losses at 0.9 percentage points.
The division suffered EUR93mn of cat losses, most of which
stemmed from the severe weather which swept Italy in late June as...