Brit COR improves to 93.3%

The insurer also reported in its figures for the six months to 30 June 2012 that gross written premiums had had descended to £794.9m (H1 2011: £845.3m) which it attributed to further underwriting discipline and disposals.

Direct business totalled £579.5m (H1 2011: £596.1m) and reinsurance came in at £215.4m (H1 2011: £249.2m).

Operating profit and profit before tax were both up although were impacted by recent disposals. Operating profit totalled £79.6m (H1 2011: £15.0m). In April this Brit sold

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