An increase in the incidence of motor claims, and rising repair costs, have forced us to review motor premiums.
While the current outlook has necessitated the introduction of a mid-year rate increase, we are pleased to advise that, in the interests of our policyholders, we have managed to contain the increase to 5%.
The amended premiums will be communicated to all brokers and policyholders in accordance with Policyholder Protection Rules.
The increase will be implemented with effect from 1 July 2006.
We trust that we can rely on your understanding of the business environment within which we find ourselves operating and, consequently, your support of the rate increases. If you have any questions regarding your domestic policies, please contact our Customer Service Centre on 0860 00 90 90.
