Brit Insurance has reported that full-year pre-tax profit trebled to £186.3m from £62.4m in 2005.
Gross written premiums for the year rose to £1.23bn from £1.20bn the year before. The combined ratio fell to 86.9% from 105.2% in 2005.
The company also announced that it would have to pay £42m more in claims for hurricanes Katrina, Wilma and Rita than it first thought.
Brit said the outlook for 2007 "remains positive" though admitted it was 'challenging'.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
