Arag sees GWP and profits rise in 2013
Legal expenses specialist grew policy numbers across personal and commercial lines.
Arag has announced record profits for its seventh complete trading year.
The UK arm of the worldwide legal expenses insurer Arag Group stated that in 2013 gross written premium (GWP) under management increased by 9% to £46.9m.
Pre-tax and pre-amortisation profits were also up at £3.3m.
The number of individual personal lines policies rose 15% to just under 3.5 million while commercial risks soared by 32% to just under 200,000 businesses now insured.
Managing director at Arag, Tony Buss commented
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