Rates hardening at Amlin UK
Amlin UK has revealed an 8.4% growth in gross written premium (GWP) to £269.7m for the year to 31 October compared with £248.8m for the same period in 2010.
The insurer said the trading environment had improved since July with the average rate increase for the year to date now totalling 5.2%.
It added that fleet motor rate rises now averaged 7.1% for the year and that fleet and motor income had increased by 8.8% to £103.2m. However while property rates had increased by 6.3% in the 10 month period, Amlin said that rates for liability classes remained mixed.
Amlin London reported GWP of £880.8m for the period with rates on renewal business up 3.8%
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