Atrium profit expectations raised

Atrium Underwriters, the wholly owned subsidiary of Atrium Underwriting plc, today announces the results for its managed syndicates 570 and 609 for the 2002 year of account, updated forecasts for the 2003 year of account and initial forecasts for the 2004 year of account.

All the actual results and forecast ranges are shown as a percentage return on allocated capacity after deduction of all standard personal expenses, but before members’ agents’ fees.

Highlights

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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