Brit Insurance steers safely through credit crunch
by David Masters
Story link: Brit Insurance steers safely through credit crunch
UK-based non-life insurer and reinsurer Brit Insurance has reported its results for the third-quarter with gross premiums for the first nine months of the year up 10.5%.
Gross written premiums for the nine months up to 30th September were £1.12 billion, compared to £1.01 billion for the same period in 2007.
Return on investments fared less well, […]
Brit Insurance launches Professional Indemnity products
by Richard Kilner
Story link: Brit Insurance launches Professional Indemnity products
Brit Insurance Holdings has released a new set of Professional Indemnity products, Britbord PI.
The new product set is released on Britbord, the firm’s delegated underwriting system.
It has been developed to specifically cater for micro SMEs with a fee income up to £250,000, and contractors whose turnover exceeds £2.5m.
A broad range of trades numbering more than […]
RBS and Brit sign syndication deal
by Richard Kilner
Story link: RBS and Brit sign syndication deal
The Royal Bank of Scotland and Brit Insurance Holdings PLC have agreed to a deal for a five year syndicated Revolving Credit Facility to the tune of £150m.
The deal is a sign that even given the present turbulence in the credit markets quality credit can receive good support, according to Matthew Scales, group finance director […]
Brit Prepares To Launch Re Norton II
by Stewart Douglas
Story link: Brit Prepares To Launch Re Norton II
Insurer Brit Insurance has today announced it has agreed to the launch of the new Norton Re II fund, which will be operated from tax-haven Bermuda with a view to providing reinsurance services for largescale clients.
The fund, to be known as Norton Re II will be set up to write catastrophic retrocession, and will supercede […]
Brit Announces Four New Appointments
by Stewart Douglas
Story link: Brit Announces Four New Appointments
Brit Insurance has today announced several new high profile appointments within its domestic sales division as it continues its rapid growth plan throughout the UK. Four key appointments were unveiled today within its sales department, notably seeing George Maxwell of Royal & SunAlliance appointed as head of sales.
The move comes at a time where […]
Online fleet risk management created by Brit
by Richard Kilner
Story link: Online fleet risk management created by Brit
An online fleet risk management service, named Brit Risk Management, has been launched in the UK by Brit Insurance Holdings.
The service has been formulated to give fleet risk managers support and advice that is both innovative and comprehensive, according to the insurer.
Brit Fleet Insight will be one component of the newly created online service, and […]
Brit Appoints Tim Grant To High Profile Position
by Stewart Douglas
Story link: Brit Appoints Tim Grant To High Profile Position
Insurer Brit Insurance has today announced the high profile appointment of Tim Grant to the position of Distribution Leader within the small business and personal lines department.
The move will see the experienced Grant assume responsibility for increasing and developing distribution channels for Brit Insurance products within the small business and consumer categories, in an attempt […]
Brit Insurance To Establish Offshore Underwriting Team
by Stewart Douglas
Story link: Brit Insurance To Establish Offshore Underwriting Team
Insurer Brit Insurance has today announced it is establishing a small underwriting division within Gibraltar as a facilitator to insurance operations in the UK and reinsurance companies dealing with external claims.
The team is to be located in Gibraltar mainly for tax efficiency reasons, as well as to gain access to offshore markets, and will be […]
