Brit confident in market after posting £191.2m profit
Brit Insurance has reported a profit before tax of £191.2m (2006: £186.3m) on gross written premiums of £1264.9m (2006: £1236.3m).
The company saw its combined ratio deteriate to 92.7% (2006: 86.9%).
In a statement it added: "Brit Insurance is confident of continued success despite the downturn in the global economic outlook. "Rating levels in Brit Global Markets and Brit Reinsurance remain at satisfactory levels despite being under downward pressure from the high levels of the last two years.
"The UK market remains highly competitive. However, rates in UK motor stabilised towards the end of 2007, giving weight to our view
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Commercial
Ardonagh reveals advisory growth in year of Everywhen name switch
Ardonagh Advisory grew income by 4.7% in 2025, the year it switched name to Everywhen, a filing at Companies House has revealed.
Clear buys Lloyd’s wholesale broker
Clear Group has bought Lloyd’s wholesale broker Newman Pearce & Partners, adding to its portfolio after snapping up Lilley Plummer Risks in 2024.
Coversure launches construction-focused broker
Coversure Network has launched Elliott & Associates Risk Management led by John Elliott, focused on construction industry clients.
Allianz Commercial brings in Talbot’s Woolley as president of global specialty and UK region
Allianz Commercial has appointed Emma Woolley as president of global specialty and the UK region in a newly created role.
From transactional to tailored: rethinking insurance for the middle market
The opportunity for the market is to return to the fundamentals of insurance says Stuart Sutherland, head of UK retail at Liberty Specialty Markets, as he tackles the dangers of commoditisation for mid-market businesses and the risks of a one-size-fits-all approach.
Adler Fairways buys Mason Owen Financial Services
Adler Fairways Insurance Group has bought Liverpool-headquartered Mason Owen Financial Services expanding into the North and East of England, Insurance Age can reveal.
Meet the MGA: Lumara
Having helped set-up one MGA in Arista two decades ago, Lumara CEO David Aslin explains why he is going again, seeking to be a top three partner with its brokers through a combination of expertise, flexible products and agency exclusivity.
Jensten buys largest Coversure franchise in Midlands deal
Jensten Group has signed up to buy Coversure Midlands, the largest in its franchise network.