O’Roarke looking to motor growth in 2015
LV chief expects premiums to rise 5-6% in personal motor over 2015.
LV is expecting an uplift in personal motor premiums of between 5% and 6% in 2015, according to chief executive John O'Roarke.
O'Roarke said the business had seen a downshift in the number of motor policies it reported from 2013 but commented:
"We expect our motor book to increase. We wrote around 100,000 fewer policies in 2014 than we did the previous year but I expect that trend to reverse."
He continued: "Premiums rates are still not adequate and I would want to see 5% growth and I think they
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