The group's gross written premium has dropped to £593m from £604m the previous year
Amlin has provided the following update on trading:
The group’s written premium in the first four months ended April 30 2007 was down compared to the same period in 2006.
The group’s total gross written premium (before deduction of brokerage costs) in the first four months ended April 30 2007 was £593m (2006: £604.3m at April 2007 rates of exchange rates).
The average renewal rate reduction for the group for the first four months was 1.3% with renewal retention at a good 82%.
Investment returns for the first four months was 2.3% of average funds of £2.3 billion.
