L&G reports 17% hike in general insurance premiums for Q1

tim-breedon

This is a 17% jump from the £71m delivered for the same quarter of 2011.

The insurer’s broker channel experienced 21% growth, while the direct channel grew by 25%.

The company also said operational cash generation suffered a £3m dip due to weather related claims in general insurance.

Tim Breedon, group chief executive at L&G, said: “We continue to evolve our model both in the UK and in International markets and our diverse product range and broad distribution, position us to respond well to

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