‘Perfect storm’ plunges BHSF into deficit

Increased claims costs and poor investment performance created a 'perfect storm' for BHSF in 2018

BHSF said it experienced ‘a perfect storm’ last year after a significant rise in its claims ratio and a 12% reduction in the value of its investment portfolio pushed the company into loss. The news comes despite record sales in new annual premiums. Excluding the Benenden book of cash plans, which BHSF acquired in 2017,…

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