Brit CEO Cloutier hails "sound performance" despite "challenging" market
Lloyd's insurer Brit has reported an operating profit before FX and corporate activity costs of US$198.5m (£150.5m) for the first half of the year (H1 2015: US$70.9m). Profit after tax was US$197.6m (H1 2015: US$6.4m).
The company saw gross written premiums of $1,030.6m, a decrease at constant exchange rates of 4.9% from $1,096.9m in 2015. Earned premiums fell 6.8% in H1 2016, down to $751.8m from 816.5m for the
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