Brit reports 2016 slight dip in profit

Brit has reported profits falling slight, with a slip in its combined operating ratio from 91.7% in 2015 to 96.4% in 2016.

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

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