FPI sees 29% sales rise year-to-date

Although the bulk of the rise, measured in annual premium equivalent (APE), came in the first two quarters, the third quarter still saw year-on-year growth of 20% if Asian sales are excluded. New business from Hong Kong fell, causing an 8% drop in overall new business for FPI in the third quarter, but this came after an exceptionally strong Q3 2007 figure, and Q3 2008 sales in Hong Kong were 108% ahead of the same period in 2006. Managing director Rocco Sepe said last year’s Q3 figures from Hong Kong reflected an exceptional combination of a very strong market and FPI’s proposition “reall...