Fortis UK: too early to estimate July weather-related losses

Fortis UK has described the commercial market as "sluggish", as it unveiled a 14% increase in gross ...

Fortis UK has described the commercial market as "sluggish", as it unveiled a 14% increase in gross written premium (GWP) for the first six months of 2007 to £383m.

The insurer reported a 24% increase in GWP in its motor account, giving it £236m worth of business and coverage on 1.6 million cars, despite implementing average rate rises of 7% since January.

Chief executive officer Barry Smith said that the result was down to a combination of issues, including the continued development of its multi

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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