Amlin UK reports fall in GWP
Group sees income rise overall.
Amlin's UK division has reported a 9.6% fall in gross written premium (GWP) to £127.6m for the first three months of 2014 (Q1 2013: £141.2m).
The provider said the decrease in income was due to reductions to income estimates on binding authorities made later in 2013.
It added that fleet motor renewal rates had continued to rise, with an average increase of 6.1% recorded in the first three months. According to the insurer most other UK commercial classes had had "modest increases".
GWP
Overall
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Oxbow Partners forecasts motor market COR of 94% in 2024
Oxbow Partners has predicted the UK motor market will return to profit this year with a combined operating ratio of 94% versus a 102% rate in 2023.
Allianz UK makes key changes to senior leadership
Allianz UK has appointed Hanna Kam as chief risk officer and promoted Jason Howes to the newly created role of chief transformation officer.
Biba 2024: Zurich seeks to take SME service learnings into mid-market space
Zurich’s Harriet Conway, head of retail customer proposition, and Morgan Lyons head of mid-market told Insurance Age the insurer is targeting its teams “heavily” in terms of response times to brokers.
Biba 2024: Pen’s Nick Wright on staying disciplined and kissing frogs
Pen Underwriting’s chief development officer Nick Wright tackles consolidation in the managing general agents market, the risk of disintermediation for brokers, and the opportunities from artificial intelligence.
Trish White to leave Hiscox
Strategic accounts director Trish White will be leaving Hiscox in October, Insurance Age can reveal.
Wallace: QBE reaping benefits of focus on ‘holy grail of service’
QBE’s consistency and lack of upheaval in contrast to some of its peers has helped it become a “viable alternative” for regional brokers.
Natasha Pettet to lead schemes at Hiscox
Natasha Pettet will be joining Hiscox as head of schemes on 1 July, Insurance Age can reveal.
Arch goes live on Applied
Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.
Most read
- Industry pays tribute to former colleague Geoff Kitchen, who died on Singapore Airlines flight
- Biba 2024: Work from home being used as a ‘bargaining chip’ in luring broker talent
- Natasha Pettet to lead schemes at Hiscox