Direct Line says NIG had to remain on track with targets
NIG, and other premiums in Direct Line’s commercial arm, fell 3.2% amid an exit from several larger risks.
Direct Line’s third quarter results said the larger risk exits were because ’they were not expected to achieve target returns.’
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NIG’s sister brand, Direct Line for Business, which concentrates on smaller risks such as contractors, builders, painters and tradesmen, enjoyed a good quarter.
Gross written premium increased 7.8% to £35.3m, compared to the third quarter of last year.
It meant Direct Line’s commercial arm results were broadly flat at £118m.