Fortis results dip blamed on motor rates pressure
Fortis UK has reported overall gross written premium in the first quarter of 2005 of £142.5m, £1.5m ...
Fortis UK has reported overall gross written premium in the first quarter of 2005 of £142.5m, £1.5m less than GWP in Q1 2004.
Fortis blamed pressure on pricing in the private motor sector - on which it is still heavily reliant - for the slippage, recording a GWP of £93m compared with £100m in the first quarter 2004.
However, attempts to broaden its presence across other product ranges countered this shortfall. Chief executive Barry Smith said: "In particular, we have made significant increases in
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