NU strategy takes a bold turn in bid for new business

Norwich Union (NU) has announced a bolder and more confident underwriting strategy, as it adapts to ...

Norwich Union (NU) has announced a bolder and more confident underwriting strategy, as it adapts to changing market conditions.

John Seaton, underwriting director at NU, promised that brokers would be able to see a clear evolution of the insurer's commercial appetite and trading strategy as a result. "As a whole, the company is much more confident, while adhering to basic underwriting principals," he said. "This new philosophy will run throughout the 70-strong commercial underwriting team and our

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ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.

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