Fortis has reported gross written premium (GWP) of £418m for the 2003 third quarter.

This represented an 8% increase on the 2002 third quarter figure of £388m.

In the SME commercial market, Fortis' GWP increased to £29m, compared to £18.6m in 2002. Household GWP increased by 14% to £70.8m, compared to £61.9m in 2002.

Private motor GWP stood at £291m, compared to £287m in 2002.

Travel GWP increased by 39% to £19.8m, compared to £14.2m in 2002.

Fortis attributed the increase in travel business partly to its winning the

Post Office account earlier this year.

Chief executive Barry Smith said: "While premiums have remained broadly flat in motor, we have maintained our strong market position. Our [private motor] policy count is at an all time high, clearly establishing Fortis as one of the largest private car insurers in the UK."

Topics