Bright Grey and Scot Prov restructure kick starts rebound

New business at the Royal London owned protection providers grew 21% to £98m in the three months to September, compared with £81m last year, under Present Value of New Business Premiums (PVNBP) reporting. However, the 2010 figures for the pair have been restated to reflect current, market consistent reporting, a spokesperson said. The results are a turnaround on the first six months of the year which saw a combined drop in sales of 17% to £141m compared to £170m in 2010. They also reported a combined 16% increase in applications during the period. The results are the first to fu...