Brit's GWP hit in "bloody" market
The gross written premium for Brit in the UK declined substantially in 2006, despite attempts to dou...
The gross written premium for Brit in the UK declined substantially in 2006, despite attempts to double its UK presence by 2010. GWP declined from £317.9m to £279.9m, down 12%.
Dane Douetil, chief executive of Brit, described the rating environment in the UK as "bloody" adding "the tougher it is - the quicker it will turn."
Brit's operating ratio fell back from a freak 78.4% in 2005 to 96.9% in 2006.
Douetil said: "We are positive in the medium to long term and will still be able to double GWP by
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