Brit Insurance launches new Charity Protection Indemnity Product

Brit Insurance Holdings PLC, the UK-domiciled international general insurer and reinsurer, is pleased to announce the expansion of its suite of Directors’ and Officers’ (D&O) products with the launch of a new Charity Protection Indemnity Policy.
December 11, 2006

Brit Insurance Holdings PLC (“Brit Insurance” or “the Group”), the UK-domiciled international generalinsurer and reinsurer, is pleased to announce the expansion of its suite of Directors’ and Officers’ (D&O) products with the launch of a new Charity Protection Indemnity Policy.

The policy provides a mix of entity, legal expenses and individual covers, and has no Employment Practice Liability or Professional Indemnity exclusions. The cover is flexible and can be provided on a simplified D&O basis if required.

The launch of this new policy coincides with the approval of the new Charities Act, which received Royal Assent earlier this month. The Act makes it easier for charities to obtain trustee indemnity insurance by allowing trustees to purchase indemnity insurance without initially having to gain permission from the Charity Commission; providing there is no provision in the charity’s governing document that specifically prohibits this.

Craig Watson, D&O Underwriter at Brit Insurance, commented:

“This is an important addition to our UK Professional Risks product suite. This new policy complements our existing D&O offering and demonstrates our commitment to meeting clients’ needs in an ever-evolving legal environment.”

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Enquiries
Carne Curgenven
Brit Insurance Holdings PLC
020 7984 8500

Peter Rigby/Juliet Tilley,
Haggie Financial
020 7417 8989

Notes to Editors
About Brit Insurance
Brit Insurance’s underwriting operations comprise three customer-facing centres: UK, London Market and Reinsurance. All three have access to the two regulatory vehicles through which Brit Insurance underwrites: UK insurance company, Brit Insurance Limited and Lloyd’s Syndicate 2987 which is managed by Brit Syndicates Limited. Brit Insurance has UK underwriting offices in London, Reading, Birmingham, Bristol, Glasgow, Leeds, Darlington, Ilford and Manchester.
www.britinsurance.com

The Charities Commission
The Charity Commission is established by law as the regulator and registrar for charities in England and Wales.There are 190,000 charities registered with the Charity Commission, with an annual income of £36billion and almost 600,000 staff and 900,000 trustees.

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Brit Insurance launches new Charity Protection Indemnity Product

Brit Insurance Holdings PLC, the UK-domiciled international general insurer and reinsurer, is pleased to announce the expansion of its suite of Directors’ and Officers’ (D&O) products with the launch of a new Charity Protection Indemnity Policy.December 11, 2006

Brit Insurance Holdings PLC, the UK-domiciled international general insurer and reinsurer, is pleased to announce the expansion of its suite of Directors’ and Officers’ (D&O) products with the launch of a new Charity Protection Indemnity Policy.
December 11, 2006