Brit Insurance has said gross premiums written to the end of March 2006 increased to £373.9m compared with £366.1m the previous year.
In a statement to be released at today's annual general meeting, the Lloyd's insurer reported that income from reinsurance fell to £127.3m from 147.9m a year earlier as it reduced its exposure to catastrophe risk. But premiums in its London market and UK insurance divisions rose thanks to a combination of higher prices and volumes.
"Brit has made a positive start to the year," the company said. "In general, premium rates and terms and conditions remain healthy although, as predicted, the UK market remains competitive."
