Brit Insurance announce record results

Brit Insurance Holdings, the UK general insurance group, today announced record interim results for the first six months of this year.

Their profits before tax were £112.4m (€166m), up 61%.

Dane Douetil, CEO said: “It is a real pleasure to announce excellent record results in the first interim statement since becoming Chief Executive. Pre-tax profits of £112.2m (€166m) reflect the benefits of the significant restructuring of the Group post 9/11, with a single minded focus on underwriting for our own account."