Cirencester sees premium income and membership increase

The friendly society grew net earned premiums by 6.6% to £12.1m in 2010 with membership growing by 5%. It also reported significant increases in bonuses paid to members which it said was down to prudent investment management and the growth of premiums and clients. Paul Hudson, chief executive of Cirencester friendly, was pleased with the results but said the holloway income protection provider would continue to take a careful approach over the next year. "It is gratifying to report a successful 2010 for both the Society and its members," he said. "Last year saw continued growth ...