Brit favours Netherlands as redomicile location
Brit Insurance this morning confirmed the Netherlands had been identified as the preferred domicile of the group's holding company, subject to requisite clearances and approvals. The news came as it reported a profit before tax £89.2m (2007: £191.2m) on gross written premiums of £1394.6m (2007: £1264.9m).
The Lloyd's insurer also saw an underlying gross written premium growth 4.2% (premiums adjusted for exchange rate movements) and a combined ratio 99.4% (93.9% excluding hurricanes).On the issue of
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