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Thu 03 Mar 2007Increased competition puts insurers under pressureAnalysis:If yesterday's share price was anything to go by, investors were not impressed with FBD's results - the shares fell 2.2 per cent in what was overall a positive market, writes Claire Shoesmith.Analysts, however, were more upbeat, saying the pressure on the underwriting business was to be expected in what is an increasingly competitive market. Concern was expressed, though, over the company's reference to increasing pressure on premiums at the end of last year and the fact that this had continued in the first two months of this year.