Brit profit dives 87.5% at H1

Big losses see Amazons shares hit 12-month low

Brit’s pre-tax profit nose-dived 87.5% in the first six months of 2018 on the back of poor investment returns.

The insurer saw pre-tax profit drop to $17.9m in the six months ended 30 June compared to a profit of $143.8m reported at the same period last year. Profit after tax was $12.9m, down from $139.7m in

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Jason Harris, QBE

Having spent a quarter of a century working in insurance, Jason Harris, who joined QBE as chief executive for international in October 2020, is a familiar face in the sector.

Adrian Cox, Beazley

Last, but certainly not least, to make it onto this year’s Insurance Post Power List is Adrian Cox, CEO of Beazley.

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