LV CEO predicting motor rates recovery as GWP continues to fall
LV group chief executive Mike Rogers has blamed falling motor premiums for a £20m drop in the firm’s general insurance gross written premium total for the opening nine months of the year.
In its third quarter trading update LV revealed that GWP within its GI arm had dropped to £1.13bn in the nine months ended 30 September 2013, a fall that was largely due to reductions in its broker
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