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 specialis
- Potential Swinton job losses a 'disappointing tragedy'
- Commercial lines brokers must adapt or 'face extinction'
- Motor premiums set to rise by 29% by 2018
- Swinton to cut 900 jobs in shift away from high street model
- Towergate's Ebitda climbs 12% on back of restructure
- David Cameron to deliver Biba conference keynote speech
- FCA publishes first complaints figures since rule change