The company's gross written premiums went down from $1,999.2m (£1602m) in 2015 to $1,912.2m in 2016, a decrease at constant exchange rates of 2.3%. Net earned premium decreased by 6.1% from $1,649.6m in 2015 to $1,515.1m but the business saw a huge increase in profit after tax which stood at $157.6m (2015: $15.6m). With its launch of Syndicate 2988 for the 2017 underwriting year, which had a capacity of £52m in its first year of trading, Brit has strengthened itself as a specialist underwriter a
- ABI previously warned government over hazards of flammable cladding
- Towergate group company to launch under new brand name
- Data analytics will impact property underwriting but could lead to 'uninsurable' properties
- Insurers issue warning as government to test cladding on 600 buildings
- Marsh Networks’ David Hopwood on the seven issues a reduced discount rate creates for SME brokers
- Full report: Motor Report: What's driving motor?
- Government resurrects whiplash reform