Brit said its pre-tax profits for the full year would be reduced by £35m due to hurricanes Charley, Frances, Ivan and Jeanne and typhoon Songda.

The announcement came after Kiln told the markets today it had been hit by between £10m and £15m by this year's hurricane season.

Brit added: "Underwriting conditions in other classes remain positive. We expect new business opportunities and a firmer rating environment as a consequence of these events."

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