Brit UK is headed by Peter Burrows. The Group’s medium term aim is for Brit UK to double in size whilst continuing to deliver upper quartile returns and making a significant contribution to the Group’s profits throughout the cycle. We will be differentiated by our expertise and skills in execution.

Strategy

The Brit UK Underwriting Centre’s strategy is aligned to our Group goals and strategy in terms of profitability, growth, market position and control of risks. It continues to position itself to take advantage of a market upturn by:

• Effectively segmenting its business into small, corporate and specialist operations;
• Significantly strengthening its distribution capabilities;
• Continuing to improve its talent pool .

2006 achievements

• Maintained our underwriting discipline in softening market conditions;
• Developed our strategic direction for the medium term;
• Strengthened our leadership capabilities through the recruitment of Peter Burrows who was appointed on 1 July as Underwriting Centre Director, Ray Cox who joined on 1 December 2006 as Underwriting Director and Simon Cooter who joined us on 1 March 2007 as Distribution Director;
• The expansion of our regional network and a successful recruitment initiative led to a modest increase in headcount. This reflects our continued confidence in our ability to achieve profitability growth over the medium term.

2007 priorities

• Despite challenging market conditions, we believe 2007 presents an opportunity for growth generated through a combination of new products, scaled distribution and the introduction of new staff into our regions;
• We are deteremind to maintain discipline and will not participate in a dash for growth based on inadequate pricing.