Brit Insurance announces 2009 results
February 26th, 2010 admin
Brit Insurance has revealed its preliminary financial performance figures for 2009. The firm made pre-tax profits of £171.3m (excluding the effect of foreign exchange on non-monetary items), more than threefold the 2008 pre-tax profit of £39.6m. Earnings per share rose by 32% from 86p to 113.2p. Gross written premium was also up, rising 21% to £1,696.4m (a rise of 10.4% at constant currency). The year also saw Brit Insurance establish a new holding company in the Netherlands (Brit Insurance Holdings N.V.), and further expanded its global presence with a new managing general agent in Chicago and a representative office in Tokyo. The firm chose…
Related Posts
European insurer and reinsurer Glacier Group has released its financial performance figures for 2009. Net income for the year was more than double that of 2008, rising by $34m to $60m, with return on equity rising from 5% to 12%. Total gross written premiums declined by $100m to $469m, a fall that occurred due to Glacier’s decision to reduce...
Brit Insurance has released its financial results for the first six months of 2010, including pre-tax profits of £75.5m, a welcome turn around for the firm which in the same period last year incurred a net loss of £8.7m (and a pre-tax result of £64.9m). Gross written premiums declined by 13.4% year-on-year, falling from £983m to £851.5m, …
Read More →
Wesleyan Assurance Society, the financial services specialist for professionals, has announced that it enjoyed a good year in 2009 and released its financial performance figures for that year. The firm saw new business sales rise by 11%, with ISA and unit trust sales up 59% and income protection product sales rising by 36%. Wesleyan also increased...
International general insurance and reinsurance group Brit Insurance has announced a four year partnership with Chance to Shine, the grassroots sports development programme run by The Cricket Foundation. Brit will support the programme’s ten year mission to educate two million children through cricket. The £50m campaign was five years old...
International insurance and reinsurance group Brit Insurance has announced the establishment of its new office in Australia, replacing its previous third party agreement. The new office is situated in Sydney’s financial district, and will offer local representative services for the firm’s reinsurance activities. At the same time, Brit...
Worldwide business property insurer FM Global has announced its 2009 financial results, including a robust underwriting performance and above average investment portfolio return. Gross premium in force rose by 5.6% to $4.7bn, with net income recorded at $840m. A combination of good underwriting and investment performance saw policyholder surplus...
International general insurance and reinsurance group Brit Insurance has announced the appointment of Ferdinand Voskens as general manager of its Netherlands head office. Voskens assumes his new position with immediate effect, and will report directly to Commercial Director Peter Goddard. He brings extensive experience in the Dutch corporate sphere...
International general insurance and reinsurance group Brit Insurance has announced that Andrew Cunningham has been promoted to serve as head of office for its Gibraltar operations. Cunningham will report directly to the firm’s Netherlands geneal manager, Ferdinand Voskens, who was himself appointed only last week. He assumes his new post with...
International general insurance and reinsurance group Brit Insurance Holdings N.V. has announced the nomination of Scott Egan to the position of group chief financial officer, subject to regulatory approval. Egan’s appointment will require the support of Brit Insurance shareholders, and, if successful, will see him acquire a seat on the firm’s...
LV=, the mutual insurance, retirement and investment group, has reported its interim results for the first six months of 2010. The firm saw gross written premiums increase by 37% from £397.5m to £546.4m, with broker business rising by 56% to exceed £300m. During the same period last year the firm recorded a 92% rise in gross written premiums,...
Related Tweets from Twitter
|
IncisiveBizness (Incisive Business) : Insurance News Brit appoints underwriting director - International general insurance and reinsurance group Brit Insu... http://ht.ly/18VWoJ.. Updated : 2010-09-09T14:25:49Z | Reply | View Tweet |
|
PostOnline (Post Magazine) : Brit appoints reinsurance underwriting director: Amy Ellis Postonline Brit Insurance has anno... http://bit.ly/cIAsk8 #insurance.. Updated : 2010-09-09T10:36:03Z | Reply | View Tweet |
|
News_insurances (News-insurances) : Appointment : Richard Carver new reinsurance Underwriting Director:
Brit Insurance, the international gener... http://tinyurl.com/277482g.. Updated : 2010-09-09T10:31:43Z | Reply | View Tweet |
|
UKInsurance (UKInsurance) : #insurance Brit appoints reinsurance underwriting director - Amy Ellis Postonline Brit Insurance has annou... http://ow.ly/18VKkT.. Updated : 2010-09-09T10:25:38Z | Reply | View Tweet |
Related News from Digg
Leave a comment
| Trackback



















