Brit H1 profit falls on lower investment result

First-half pre-tax operating profit at Fairfax-owned Brit fell 24
percent to $144mn following an investment result which was 30
percent lower year on year.
The Lloyd's carrier reported a combined ratio of 95.1
percent for the half, which included a 1.8 point hit as a result of
the cut in the Ogden discount rate.
This compared to a reported combined ratio of 96.5 percent in H1
2016.
The year on year improvement was driven by the fact Brit had no...