Growth boosted by 40% rise in direct sales
Legal & General (L&G)’s general insurance business wrote £280m of gross premiums in the first nine months of 2013, up 11% on the £252m it wrote in the same period last year.
The company said in an interim management statement this morning: “The growth in premiums reflects continuing growth in direct sales which increased 40%.”
L&G also said the general insurance operation, along with asset management arm Legal & General Investment Management, has made a “strong” contribution to operational cash generation.
Group-wide operational cash generation for the first nine months of 2013 was £780m, up 11% on the £702m cash generated in the first nine months of 2012.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
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.
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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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