Broker GWP dips slightly at LV
Insurer reveals rise in commercial insurance premiums.
LV has reported broker gross written premium of £464m for the first nine months of 2014.
This represented a 4% decline on the £483m achieved in the same period of 2013.
Overall GWP at the provider came in at £1.08bn (Q3 2013: £11.3bn).
When broken down by division, commercial insurance achieved a near 16% rise to £170m of GWP (Q3 2013: £147m).
Home
Premiums for home insurance were also up, from £117m in the year before to £138m in the year to date of 2014.
Private motor premiums dropped to £743m
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