Brit Insurance chief executive Neil Eckert has boosted his shareholding in the company to 931,209 shares after spending £35,800 last Friday.

Brit managed to turn around a first-half year loss of £13.7m to return a full-year profit of £1.5m. It said the absence of major catastrophes from its reinsurance portfolio was an important factor in the results.

Brit has made two new acquisitions recently. Last week, it struck a deal to boost its holding with, which will result in Brit owning 38% of the American internet insurance software provider for $4.2m (£2.9m).

In March, it upped its stake in telephone insurance broker People's Choice from 27% to 82%.