Chaucer has said that latest gross written premiums written to the end of July 2006 are more than £70m higher than this time last year.

At the end of July, written premiums stood at £344m, up from £272m at the same stage of 2005.

Chaucer added that it expects premium rates to rise around 12% in 2006 across its non-motor divisions, while UK motor rates should stay stable.

It added that it has increased its mid-point forecast to 13.1% from 11.5% for the 2004 underwriting year of account.

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