Lloyd's insurer Amlin has forecast that current favourable trading conditions for its managing agency Amlin Underwriting are expected to continue.
Gross written premium income for Syndicate 2001 in the first ten months of 2002 was £705m, it said. This represents an increase of 52% over the gross written premium at the same stage in 2001.
An Amlin statement said: "The low level of loss incidence reported at June has continued through the year to date. Syndicate 2001's gross incurred loss ratio for 2002 stood at 12.6%. This compares to a gross incurred loss ratio for the 2001 year of account of 27.7%."
Charles Philipps, chief executive of Amlin, said: "The improving picture from the 2001 year, combined with the very strong trading conditions experienced in the year to date, are encouraging signs for our performance this year and next."
