Amlin UK's motor income jumps by 36%
Amlin’s interim management statement for the period from 1 July 2010 revealed that its UK's gross written premium (GWP) grew to £248.8m (Q3 2009: £140m) despite a "mixed" trading environment.
The statement said the trading environment for Amlin UK had continued to improve since 1 July, with an average rate increase of 1.5% for the year to date.
Increases to fleet motor rates now average 2.9%. Average increases of 4.5%, 11.7% and 3.7% were achieved in August, September and October respectively.
Amlin UK's motor income has increased by 36.2% to £94.1m, with new business amounting to £24m. The statement added that other UK commercial lines remained competitive.
The overall group's GWP
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