FML GWP rises to $124,9 million

FMHL said growth was also driven by the health insurance business and the property and casualty segments, whose GWP grew by nine percent and 19 percent respectively.

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FIRST Mutual Holdings Limited (FMHL)’s gross premium written (GPW) rose seven percent during the year to December 31, 2017 to $124,9 million, from $116,4 million realised the previous year.
The increase was due to a renounceable rights offer to raise $17,25 million and consolidation of NicozDiamond Insurance during the period under review, after shareholders approved the acquisition of the entire issued share capital of the short-term insurer.

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