21 February 2018

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Brit profits hit by investments, despite underwriting gains

4 August 2017

Lloyd's insurer Brit reported a much-improved underwriting result, year-on-year, for the first half of 2017, but overall H1 profit fell due to a lower investment return.

The carrier reported an underwriting profit for the period of $42.4mn compared with $26.5mn for the prior-year period, and a marginally improved combined ratio, down 1.4 percentage points to 95.1 percent.

There was a slight improvement in the top line also, with gross written premium up 6 percent to $1.09bn for the period to...

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