Allianz seeks new brokers to plug personal lines shortfall
Allianz Cornhill has recorded a lower-than-expected personal lines gross written premium income in i...
Allianz Cornhill has recorded a lower-than-expected personal lines gross written premium income in its results for quarter three, according to chief executive Andrew Torrance. At £215.3m, it was considerably lower than last year's total of £256.2m for the same period.
Torrance attributed half of the 20% fall in personal lines premiums to the retracting motor market.
In an attempt to rectify the fall in personal lines, Torrance said AC had signed up around 250 agents in the last six months, and
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