Amlin sees GWP increase 39.2% in first four months of 2009
Lloyd's insurer Amlin this morning reported gross written premium (before deduction of brokerage) in the first four months ended 30 April 2009 was up 39.2% at £729.7m (30 April 2008: £524.2m). The increase was supported by the appreciation of the US Dollar relative to sterling. At constant exchange rates written premium increased by 14.5% (30 April 2008; £637.2m).
Amlin added that its overall renewal retention rate was 89.2% and that it seen a 4% increase in renewal rates across its portfolio. The insurer saw greatest rate changes in reinsurance and marine
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