Ireland's international insurance sector posted a 42% growth increase in 2001, figures released last week showed.

The Dublin International Insurance & Management Association (Dima) annual survey showed premiums written by member companies topped ¤10bn (£6.4bn) last year.

The underlying asset base grew by a similar amount.

Dima chairman Ian Clancy said the figures could be explained by the hardening market and Dublin's ability to attract new industry participants.

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