Fortis reports 12% GWP growth in first nine months
Fortis Insurance UK has reported a 12% increase in gross written premium £581.5m for first nine months 2007. The insurer said in a statement its growth has been driven by 20% year on year increase in GWP for private car and a 9% year on year increase in GWP for commercial lines.
Fortis’s retail businesses (RIAS and OutRight) also reported 9% growth in commission income.
Announcing the general insurer’s results for the first nine months of 2007, Barry Smith, CEO of Fortis Insurance UK said: “Fortis’s combined manufacturing and retail strategy continues to prove successful in both the UK affinity and intermediary markets. Over and above the new deals announced earlier in the year, the significant contracts signed this quarter include AIG Direct, DSG International and The
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