Operating profit falls by $100m for Brit
Interim results for first half of 2015 show GWP fell 6.3% as profits plummet.
Brit reported a 6.3% fall in GWP for the first six months of 2015 with premiums falling to $1.1bn (£704m) from $1.2bn the previous year.
Brit noted that at constant exchange rates the decrease was 3.2%. Operating profit also fell sharply to $70.9m from $172.3m in the first half of the previous year. And profit after tax hit just $6.4m compared to $94.5 the previous year.
The losses were caused by a fall in investment returms prompted by US interest rate fears.
Net earned premiums increased 1.4%
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