Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Brit Insurance's profits up 11% in 2012

February 28, 2013 Reprints

General insurer and reinsurer Brit Insurance Holdings B.V.'s profits after tax rose 11.45% year-on-year to £84.7 million ($137.6 million) in 2012, despite losses from Superstorm Sandy, reports City A.M.

The insurer's combined ratio fell from 99.6% in 2011 to 93.2% in 2012. In 2012, the insurer sold its consumer-facing U.K. division to QBE Insurance Group Ltd. in order to become a specialist insurer and reinsurer in the London market.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Chinese cargo owners face losses after bridge collapse
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms

Help

Brit Insurance's profits up 11% in 2012

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources