Charles Taylor at lower end of forecasts

Insurance consultancy firm Charles Taylor Consulting said its trading performance was towards the lower end of management's expectations, after slightly higher fourth quarter costs in the Management Services business and a quieter end to the year in Adjusting Services.

By MoneyWeek

published 23 January 2012

in Features

The Management Services business, which makes up the bulk of revenues, is slightly below expectations, principally as a result of higher costs in its shipping mutual business.

Its Adjusting Services business, provides loss assessments and claims-related advice to insurers, energy, marine, aviation, traded marginally below expectations in the fourth quarter although the business is significantly ahead of the previous full year's performance after a robust contribution from energy adjusting.