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Brit Insurance is a UK-domiciled independent Lloyd’s syndicate and London Market insurer and reinsurer. Its shares are listed on the London Stock Exchange. As a group it underwrites 80 sub-classes of business through two underwriting platforms, Brit Insurance Limited and Brit Syndicates Limited.
· 2007 gross written premium income in excess of £1.26 billion
· 2007 profit before tax £191.2million
· Net tangible assets £768.4million at 31.12.07
· Brit owns 100% of Brit Insurance Limited and all the capacity on its active underwriting Syndicate, 2987. Brit Insurance Limited is rated A+ (Strong) by Fitch and an (Excellent) by AM Best. Brit Syndicate 2987 benefits from a Lloyd’s market security rating of A by Fitch Ratings and AM Best.
· The group underwrites through three strategic business units – Brit Global Markets, Brit Reinsurance and Brit UK. Each has access to both underwriting platforms.
· The group’s strategy is to run a diversified portfolio of insurance risks to enable effective management of the insurance cycle and reduce the potential impact on the Group of any one event or series of related events.
· Business is written by dedicated teams of empowered specialist underwriters
· Claims are handled by claims professionals who are closely aligned to each business class to ensure an excellent level of service
More information about Brit Insurance can be found on www.britinsurance.com
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