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 high quality regional commercial business.

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

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

SVB chief executive Rupert Villers said he was extremely pleased with the growth of the channels.

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