Premium income written was £228.9m
Chaucer Holdings has provided the following update on current trading:
Premium income written, net of brokerage, to the end of April 2007 was £228.9m (2006 £228.8m), or 50.4% (2006 49.5%) of the combined planned income for Syndicates 1084 and 1176 for the year.
Chaucer expected a 2% reduction in premium rates in 2007 across non-motor divisions as a whole and a 2% rise in UK motor rates.
Investment balance grew by 2% to £850m during the first four months of the year. Investment income to April 30 2007 amounted to £17.2m. The return for the period was 2.2%.
Ewen Gilmour, chief executive officer of Chaucer, commented: “With a solid start to the year behind us and continued progress from our open years to report, I am confident of another positive year for Chaucer.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
