HDI profit soars on improved underwriting

Operating profit at HDI Global jumped 42 percent to EUR296mn
($319.7mn) in 2016, as a result of "portfolio
optimisation" measures to improve underwriting performance,
the firm announced today.
The Talanx unit reported a combined ratio of 96.8 percent for
the full year, which was a 2.4 percentage point improvement on the
previous year. The underwriting result for 2016 also surged to
EUR73mn from just EUR18mn the previous year.
The improvement in the underwriting performance was largely down
to po