Brit reports rise in GWP
Dane Douetil, chief executive officer of Brit Insurance Holdings, said the UK business is continuing to make good progress
Brit Insurance Holdings has reported a 19% rise in gross written premium (GWP) to 1.3bn for the first nine months of this year – an increase of 4.7% at constant exchange rates.
Average premium rates on renewal business are up 4.8%, compared to the same period last year when it decreased 1.9%.
In Brit UK, GWP is up to £335.3m, compared to £262.1m last year, while average premium rates on renewal business are up 3.4%, as opposed to a 1.4% decrease in 2008.
In a statement, Brit said: Constant
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