UK insurance company esure reported £8m ( £221.2m ) in claims costs for Q1 2018 , £6m ahead of expectations, driven up by extreme Q1 2018 weather in Britain . The insurer said the disruption caused by ‘The Beast from the East’ and ‘Storm Emma’ over the period resulted in 8 million pounds ($10.88 million) of claims costs in its home insurance business, which is 6 million pounds ahead of company’s expectations. However, the first quarter also saw an 21.1% increase in total gross written premiums to $10.8m , boosted by a 21.1% increase in motor gross written premiums. The company noted that the market had become increasingly competitive after the March reading of Group Plc , which would change how personal injury payments are calculated.
UK insurance company esure reported £8m ( £221.2m ) in claims costs for Q1 2018 , £6m ahead of expectations, driven up by extreme Q1 2018 weather in Britain . However, the first quarter also saw an 21.1% increase in total gross written premiums to $10.8m , boosted by a 21.1% increase in motor gross written premiums. The company noted that the market had become increasingly competitive after the March reading of Group Plc , which would change how personal injury payments are calculated.