Results news: Fortis to plough on with rebranding despite loss

Barry Smith chief executive Ageas UK

The insurer listed severe weather events in January, rising claims in the private motor market, one-off set-up costs related to the new Tesco Bank partnership and lower realised capital gains as reasons for the loss.

Fortis UK's non-life combined ratio deteriorated to 110.2% (Q1 2009: 108.9%) while non-life gross written premiums increased by 16.8% to £230.5m (Q1 2009: £197.4m).

In personal lines, the insurer's household and travel book grew to £57.7m and £13.3m respectively (Q1 2009: £45m and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: