The underlying numbers suggest the market’s performance is still being held back by poor underwriting decisions of the past.
The UK and international wholesale broker will be incubated by Crispin Speers.
Further focus on disciplined underwriting and profitability means the stresses of recent months will remain.
If hitting each of the company’s two improvement targets on their own would be heroic, hitting both simultaneously within three years would be astonishing.
The expanded entity will develop common products and funds, according to Coriolis CEO Diego Wauters.