Rates hardening at Amlin UK

Charles Phillips Amlin

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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