Arch GWP falls due to Gap pause and softening rates
Arch’s UK insurance company saw gross written premiums tumble by more than 10% last year as a result of the Financial Conduct Authority’s pause on Gap insurance sales and softening London market rates.
Arch Insurance (UK) Limited’s GWP for 2024 stood at £632.6m, down £75.6m on the £708.2m figure it recorded for 2023.
The company’s accounts detailed that the fall in its top line had been “driven
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