Highway reports 27% rise in profits

Gross written premium for 2007 was 4% up on 2006 to £250.6m. The private car account grew by over 20%, but commercial vehicle and fleet premiums reduced by 17% and 12% respectively in the face of poor market conditions.

Net assets rose by 11% to £103m (2006: £93m) after accounting for a more prudent IAS 19 pension position The company also reported a 13% increase in policy growth in its Hero broking arm to 234 000 policies.

Richard Gamble, Highway chairman, said: “This is a strong result at

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: