Amlin hit by weaker euro

Caitlin Morrison
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INSURANCE group Amlin saw a one per cent reduction in gross written premium in the three months to 31 March, down to £1.26bn from £1.28bn in the first quarter of2014.

The company said income growth from a strengthening of the dollar was “largely offset by weakening in the euro”.

Amlin boss Charles Philipps said: “We expect our business and geographical diversity to be of increased importance in the current environment.”

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