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May 8 Dutch insurer Delta Lloyd NV said new mortgages more than tripled in the first quarter, taking the sting off a 5 percent decline in gross written premiums during the period.
New mortgages rose to 380 million euros ($529.06 million) in the three months ended March 31 from 114 million euros a year earlier.
Delta Lloyd wrote less life insurance during the period, dragging total gross written premiums down to 1.3 billion euros from 1.4 billion euros a year earlier. ($1 = 0.7183 Euros) (Reporting by Richa Naidu in Bangalore; Editing by Sunil Nair)