6% growth in UK become 6% decrease with exchange rates
Fortis UK reported a nine-month 6.1% increase in non-life gross written premium to £617.1m from 2008 (£581.9m) and a Q3 5.5% increase over Q2 to £215.5m (£204.2m).
It its report the company said: “Fortis UK’s year-to-date inflow amounted to €702m, a 7% increase at constant exchange rates, but 6% down at current exchange rates.”
Nine months International non-life (2008 in brackets)
- Gross Written premiums €878m (€979m)
- United Kingdom GWP €696m (€744m)
Fortis UK said growth was driven by its commercial lines strategy and the continued development of its household portfolio.
Barry Smith, CEO, Fortis UK said: “I am delighted with the strong performance delivered by the business this quarter against the backdrop of challenging market conditions.
“Our success is further evidenced by the excellent progress we are making with our product development strategy, including commercial lines and life protection, and the continued success of our multi-channel distribution strategy underpinned by the strong partnerships we have with our brokers.
