London - Insurer Amlin’s first-half profit fell 12.5 percent due to higher catastrophe losses from the recent floods in Europe.
Pretax profit for the six months ended June 30, fell to 161.4-million pounds from 184.4-million pounds a year earlier.
The insurer reported catastrophe losses of 32.2-million pounds compared to last year when no catastrophe losses were recorded.
Gross written premium rose 1.3 percent to 1.84-billion pounds.
Shares in the FTSE-250 company, Lloyd's of London's largest listed British underwriter, closed at 391.3 pence on Friday on the London Stock Exchange. - Reuters