Brit sees profit slump
Profits down and COR rises for insurer as results for 2015 come in.
Brit has reported a drop in profit after tax fell to $15.6m [£10.9m] a dramatic drop on the $229.3m reported in 2014.
In addition gross written premium went to down $1.9bn from $2.1bn while its combined operating ratio deteriorated to 91.7% (2014: 89.5%).
Mark Cloutier, Group CEO of Brit Limited, said: "2015 has been an exciting but challenging time for Brit, with the highlight being the successful completion of the transaction with Fairfax.
"This partnership provides Brit with a supportive and
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