Syndicate Results and Forecasts

Brit Insurance Holdings PLC ("Brit"), the UK general insurance group, announces updated forecasts for its managed Lloyd's syndicates for the 2001 and 2002 years of account.
November 21, 2003

There have been no changes in our forecasts since the last quarter report of 26 August 2003

Brit Syndicates Results and Forecasts

2002 Year of Account

Syndicate Number 389
Capacity £'000 13,945
Brit Share 90.83%
Previous Forecast Range % of Capacity (5.0) - (10.0)
Forecast Range % of capacity (5.0) - (10.0)

Syndicate Number 2040
Capacity £'000 14,000
Brit Share 0%
Previous Forecast Range % of Capacity (5.0) - (10.0)
Forecast Range % of capacity (5.0) - (10.0)

Syndicate Number 2400
Capacity £'000 30,000
Brit Share 5%
Previous Forecast Range % of Capacity (9.0) - (14.0)
Forecast Range % of capacity (9.0) - (14.0)

Syndicate Number 2987
Capacity £'000 450,000
Brit Share 97.78%
Previous Forecast Range % of Capacity 10.0 - 15.0*
Forecast Range % of capacity 10.0 - 15.0*

*The forecast for Syndicate 2987 for 2002 would be 13.5% - 18.5% prior to internal quota share arrangements with Brit Insurance Limited

These forecasts assume a "normal" level of loss development between now and the closure of the year of account.

2001 Year of Account

Syndicate Number 250*
Capacity £'000 99,872
Brit Share 46.03%
Previous Forecast Range % of Capacity (45.0) - (50.0)
Forecast Range % of Capacity (45.0) - (50.0)

Syndicate Number 389
Capacity £'000 7,633
Brit Share 46.03%
Previous Forecast Range % of Capacity (7.5) - (12.5)
Forecast Range % of Capacity (7.5) - (12.5)

Syndicate Number 429+
Capacity £'000 7,943
Brit Share 0%
Previous Forecast Range % of Capacity (20.0) - (30.0)
Forecast Range % of Capacity (20.0) - (30.0)

Syndicate Number 735*
Capacity £'000 74,986
Brit Share 93.32%
Previous Forecast Range % of Capacity (60.0) – (67.5)
Forecast Range % of Capacity -

Syndicate Number 800*
Capacity £'000 62,470
Brit Share 54.91%
Previous Forecast Range % of Capacity (2.5) - (7.5)
Forecast Range % of Capacity (2.5) - (7.5)

Syndicate Number 1202*
Capacity £'000 69,949
Brit Share 76.73%
Previous Forecast Range % of Capacity 12.5 - 17.5
Forecast Range % of Capacity 12.5 - 17.5

Syndicate Number 2040
Capacity £'000 14,000
Brit Share 0%
Previous Forecast Range % of Capacity (2.5) - (7.5)
Forecast Range % of Capacity (2.5) - (7.5)

Syndicate Number 2400
Capacity £'000 30,000
Brit Share 5%
Previous Forecast Range % of Capacity (2.5) - (7.5)
Forecast Range % of Capacity (2.5) - (7.5)

*These syndicates merged on 1 January 2002 to form Syndicate 2987
+On 1 January 2002 Syndicate 429 was merged into Syndicate 389

Contact

Dane Douetil, Chief Executive of Underwriting, Brit Insurance Holdings PLC
020 7984 8500
David Haggie/Peter Rigby, Haggie Financial
020 7417 8989

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Syndicate Results and Forecasts

Brit Insurance Holdings PLC ("Brit"), the UK general insurance group, announces updated forecasts for its managed Lloyd's syndicates for the 2001 and 2002 years of account.November 21, 2003

Brit Insurance Holdings PLC ("Brit"), the UK general insurance group, announces updated forecasts for its managed Lloyd's syndicates for the 2001 and 2002 years of account.
November 21, 2003