Chaucer reports rise in GWP

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Chaucer has reported a 23.3% increase in gross written premium (GWP) to £650.3m for the first nine months of 2009 (Q3 2008: £527.3m).

In a statement, the company said premium rate increases of 6.1% has been achieved in 2009 across the underwriting portfolio and that the property division has benefited from a quiet Gulf of Mexico hurricane season.

It said that it has strengthened reserves in political risk trade credit by £23.5m on a net booked basis, that UK private car rates continue to

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