Cooper Gay

Cooper Gay increased its earnings before tax by 32% in 2007 to £15.8m. Group revenues stood at £68.1m, up 3% year on year.

Chief executive Toby Esser said the group was currently involved with a number of acquisition opportunities which were at varying stages of development.


Brit wrote £528.2m of premium during the first four months of the year, an increase of 5.8% year on year. It said premium rate developments were broadly in line with expectations, and saw an improvement in its motor classes.


Amlin’s GWP fell from £577.9m to £524.2m, over the first four months of the year – a decrease of 9.3% compared to the same period last year. Its Syndicate 2001 generated £439.7m of gross written premium, a fall of 13%. The insurer said the decreases were due to challenging market conditions in its non-marine and UK commercial divisions.


Novae’s first quarter GWP fell slightly from £89.1m to £88.5m. It said its average rates for renewed business were down 6%. It added that syndicate forecasts for the group's 2006-2007 underwriting years were unchanged.


Hardy has increased its premiums by 23% to £51.8m during the first quarter of the year. The Bermuda-based insurer also announced the merging of two syndicates, Syndicate 3820 and Syndicate 382, from 1 January 2009.

It said market conditions were broadly in line with expectations, and attributed the increase in premiums to the establishment of Syndicate 3820’s accounts over the past year.