Brit Insurance Limited enters into agreement with ReAdvisers ApS

November 14, 2004

November 2004

BRIT INSURANCE HOLDINGS PLC

Brit Insurance Limited enters into agreement with ReAdvisers ApS

Brit Insurance Limited ('BIL'), the FSA authorised and regulated insurance company subsidiary of Brit Insurance Holdings PLC, has entered into an agreement with ReAdvisers ApS ('ReAdvisers'), a Danish reinsurance services provider.
Under the terms of this agreement ReAdvisers will be exclusively marketing BIL products to local brokers in Continental European and Scandinavian property reinsurance markets. ReAdvisers will be developing and pre-evaluating business opportunities, as well as servicing broker and client relationships.
All business enquiries should be directed to Henrik Bay or Steen Rydeng of ReAdvisers at the contact details below.
The processing of premiums and claims will remain with BIL's head office in London.
Henrik Bay of ReAdvisers said: 'We look forward to marketing BIL's reinsurance capacity in Europe and Scandinavia and developing existing and new business relationships in conjunction with our colleagues in London.'
James Day, International Property Reinsurance Underwriter at Brit Insurance Limited said: 'We are excited about working with our new colleagues at ReAdvisers, who will exclusively represent us in our core European and Nordic markets. This will enable us to better support our existing London broker and client base, as well as open up a new distribution channel for brokers and clients alike. We believe this new flexibility will greatly enhance Brit's offering to the market, and in particular our ability to work more closely with regional markets.'
Contact Details:
ReAdvisers ApS
Parallelvej 10
DK 2800 Lyngby
Denmark
Henrik Bay
Tel: +45 7026 2541
Fax: +45 7026 2581
Mobile: +45 4044 8041
E-mail: henrik.bay@readvisers.com
Steen Rydeng
Tel: +45 7026 2542
Fax: +45 7026 2581
Mobile: +45 2945 3887
E-mail: steen.rydeng@readvisers.com

Brit Insurance Limited
55 Bishopsgate
London
EC2N 3AS
England
James Day, International Property Reinsurance U/W
Tel: +44 207 984 8833
E-mail: james.day@britinsurance.com
Dane Douetil, CEO Brit Insurance Limited
Tel: +44 207 984 8500
E-mail: dane.douetil@britinsurance.com

Note to Editors:
Brit Insurance Limited is rated 'A+ (Strong)' by Fitch Ratings and 'A (Excellent)' by A.M. Best. Brit Insurance Limited in its reinsurance account underwrites a portfolio of predominantly excess of loss business.
ReAdvisers is a Danish reinsurance service company whose founders have more than 50 years' experience in the reinsurance industry.

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