Motor premiums drive esure growth

Demand for motor insurance products has driven a sharp upturn in gross written premiums at esure Group this year.

It reported a 15.9% rise in gross written premiums to £499m for the nine months to the end of September. Motor gross written premiums were up 18.3% to £430.6m over the period.

Esure chief executive Stuart Vann said the market for home insurance remained competitive, after the company posted gross written home premiums up three per cent to £68.4m.