Brokers key to growth as (pre-tax) profits rise for Fortis
Fortis Insurance plans to step up the growth of its UK personal lines portfolio following record pro...
Fortis Insurance plans to step up the growth of its UK personal lines portfolio following record profits in 2003. Fortis UK saw pre-tax profits increase by 35% to £43.9m and gross written premium increase by 10% to £546m.
Income from private motor insurance declined from 72% of the total portfolio to 68%, with household, commercial and travel insurance all increasing their share.
Barry Smith, chief executive of Fortis UK, said the focus would remain on growing personal lines. Fortis also expects
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