Brit reports improved profit and COR
The combined operating ratio improved to 93.2% from 99.6%.
However the insurer, which sold the renewal rights to its UK regional business to QBE in April 2012, reported a dip in gross written premium at £1.15bn for last year, compared with £1.18bn the year before.
The company made a £4.8m accounting loss on this sale, and a further £14.6m loss on the sale of its historic UK liabilities to RiverStone Group.
Mark Cloutier, group CEO at Brit, said that the restructuring of the company had
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 [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Most read
- Aviva to boost underwriting team in move to invest in regional brokers
- Insurers face another Covid-19 business interruption action group
- People moves: 17-21 January 2022
- Allianz appoints regional branch manager
- Blanc exits Hastings board as Mark Cliff steps in
- Broker turned Tory MP Christian Wakeford defects to Labour
- First Underwriting eyes £130m GWP