Priority was profitability as underwriting was strengthened
Legal & General has this morning revealed that general insurance gross written premiums at £273m were 8% lower than in 2008.
“The General Insurance business undertook a number of efficiency measures in 2009 including the strengthening of underwriting and claims management disciplines. It has also prioritised profitability over volume and positioned itself to target profitable opportunities in 2010,” L&G said.
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