Aviva’s premiums up 4% driven by high commercial insurance rates

U.K.-based insurer Aviva PLC’s gross written premiums rose 4% year-on-year to £2 billion ($2.8 billion) in the first quarter, driven by higher commercial insurance premium rates, new business writings and growth in the U.K. retail personal lines market share, Reinsurance News reported. The insurer’s combined operating ratio reached 90.6%, compared to 118.7% in the year-ago comparable period.

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