LV's O'Roarke: motor market "remains number one focus"
Provider has had to raise prices and allow motor business to go elsewhere.
LV's John O'Roarke has stated that the motor market is the provider's main concern, after attributing a 4% fall in premium income for the first half of 2014 to declining rates in that market.
O’Roarke, managing director of LV general insurance, told Insurance Age: “It has been a very challenging period for the industry as a whole.
“We are at the very soft end of a pricing cycle and are in a position where rates are falling where they need to be rising.”
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O’Roarke said LV had taken a couple
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