Amlin’s GWP slips in Q1
Insurer says UK fleet motor rates rose by average of 6.3% in the first three months.
Amlin has revealed a fall in gross written premium (GWP) for the first three months of 2015 to £1.260bn from £1.276bn at the start of 2014.
The insurer highlighted that at constant rates of exchange, gross written premium decreased by 1.4%.
It added that income growth from strengthening of the US dollar was largely offset by weakening in the Euro.
The breakdown by division showed that property and casualty GWP totalled £465.3m down from £480.3m in the same period of 2014.
UK fleet
It noted that
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