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Brit benefits from specialty growth

Acquisitions helped UK-based Brit lift gross written premium (GWP) by 5% to £990.7 million ($1.8 billion) in the nine months to September 30.

The company’s global specialty direct business posted 11% GWP growth to £768.7 million ($1.4 billion), while reinsurance GWP fell 12% to £222 million ($404.8 million).

Brit added aviation and UK property teams during the period, plus a Miami-based facultative reinsurance team targeting Latin American specialty business.