Strong growth at St James's

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The Independent Online
A STRONG performance at the J Rothschild Assurance subsidiary boosted growth at the financial services group, St James's Place Capital, in the first half of the year.

For the six months to 30 June, Rothschild reported total new business growth (new regular premiums plus one-tenth of new single premiums) of 28 per cent, with single premiums 37 per cent higher.

Eamonn Flanagan, analyst at Charterhouse Tilney, praised the results. "We believe the industry has grown new business in the first half by 15 to 18 per cent. St James's has come out with growth of 30 per cent."