Sabre Insurance Group plc has published a trading update for the four months to 30th April 2023. It said gross written premiums during the four months were £58.9m, down slightly on the £59.8m posted in the same period last year.

In motor, Sabre posted gross written premiums for the period of £47.9m, up from £45.3m. Motorcycle gross written premiums almost halved to £6.3m from £12m and taxi gross written premiums almost doubled to £4.7m from £2.5m.

Geoff Carter, CEO of Sabre, said: “There is clear evidence that market pricing is improving, and we have seen weekly gross written premiums across this period in our core motor business over 20% higher than the same time last year. We anticipate this trend of improving market pricing will continue.”

He added: “We expect the loss ratios in our core motor business to improve through the rest of 2023.”

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