L&G reports 17% hike in general insurance premiums for Q1
Legal & General (L&G) has reported gross premiums of £83m for the first quarter of 2012.
This is a 17% jump from the £71m delivered for the same quarter of 2011.
The insurer’s broker channel experienced 21% growth, while the direct channel grew by 25%.
The company also said operational cash generation suffered a £3m dip due to weather related claims in general insurance.
Tim Breedon, group chief executive at L&G, said: “We continue to evolve our model both in the UK and in International markets and our diverse product range and broad distribution, position us to respond well to
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