SVB Holding's distribution companies will generate £20m more gross written premium income than forecast for 2002.

SVB has upped its forecast from £60m at the end of 2001 to £80m.

Fusion Insurance Services, which is 80% owned by

SVB, has become the most significant source of income, with regional commercial business.

Fusion is forecast to write more than £50m in premium income this year.

SVB Underwriting Services and SVB Asset Protection, both wholly owned, will account for the rest of the money.

SVB chief executive Rupert Villers was "extremely pleased" with the growth .