LV's general insurance GWP increases
The company has reported a 92% rise in general insurance gross written premium
LV has reported a 92% rise in its general insurance gross written premium (GWP) to £397.5m for the first six months of 2009 (H1 2008: £206.5m).
New business GWP of general insurance products is up by 61% to £106.9m (H1 2008: £66.6m) excluding the Highway Insurance contribution.
Direct business including aggregator increased to £61.3m (H1 2008: £47.4m) while broker business rose to £192.4m (H1 2008: £19.2m) - up 137% excluding Highway contribution.
Mike Rogers, LV group chief executive, said:
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