Another string to the bow.
Spurred on by encouraging revenue results, Barry Smith, chief executive of Fortis, plans to reduce the proportion of personal motor on the company's books and build on lines including household and travel. Diane Smyth reports.
As Fortis' Q2 results for 2003 near release, chief executive BarrySmith is confident about the future. "We've got a great business," he
says. "And I intend to keep it that way."
Smith does intend to change the company, however, moving it away from its
reliance on personal motor towards more widespread transactional
business.
While maintaining Fortis will always be a personal motor insurer, he hopes
to reduce the proportion of personal motor in the book from over 70% to
60%.
"We will stay focused on
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk