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FOR IMMEDIATE RELEASE 9 December 2005 Brit Insurance Holdings PLC
Completion of bond issue
FOR IMMEDIATE RELEASE9 December 2005Brit Insurance Holdings PLCCompletion of bond issue
2005-12-09 01:00:00
Brit Insurance Holdings PLC, the UK-based international general insurer and reinsurer, announces that it has today completed the issue of £150 million Subordinated Notes.
Dane Douetil, Group Chief Executive, said: 'We are delighted to have completed Brit's debut public bond transaction, and to be the first UK non-life insurer to have done so since the recent US hurricanes. The issue was very well received, and we are in an excellent position to take advantage of improving market conditions.'
Copies of the prospectus have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel. no. 020 7676 1000
Enquiries
Dane Douetil/Matthew Scales
Brit Insurance Holdings PLC
020 7984 8500
David Haggie/Peter Rigby
Haggie Financial
020 7417 8989
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