Shares in Cox Insurance rose more than 5% to 84.5 pence yesterday after the company delivered an upbeat forecast.
At its AGM yesterday chairman Peter Owen said Cox had seen a positive start to the year with business expected to grow.
Owen said he was encouraged by the performance of the group's underwriting division, while its broking and insurance divisions were improving margins.
The insurer had benefited from cost reductions resulting from automation, Owen said.
