Brit loses UK GWP in first half
Despite a good first quarter for gross written premium gains in the UK market, Brit saw its market s...
Despite a good first quarter for gross written premium gains in the UK market, Brit saw its market share reduce to £146.5m in the first half of the year, compared to £168.5m in the first six months of 2005.
Despite this setback, which contributed to a dip in underwriting profit in the UK to £19.2m from £23m (first half 2005), Brit's profit before tax rose to £118.5m over £102.5m in 2005. The COR in the UK was 84.8% compared to 84.3% last year. However, it was hit by foreign exchange movements
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