Appointment of Chief Investment Officer and Head of Group Tax

Brit Insurance Holdings PLC ("Brit Insurance" or "the Group"), today announces the appointment of Nigel Bennett as Chief Investment Officer and Neil Sharman as Head of Group Tax. Both take up these up these newly-created positions immediately.
December 12, 2006

Nigel worked for Brit Insurance as a consultant from 2004 and in 2005 he joined as Group Treasurer. He has 20 years’ experience in financial markets with Royal Bank of Scotland, ABN Amro and specialist risk management operations.

Neil Sharman is a chartered accountant and tax adviser with over 20 years’ tax experience. Prior to joining Brit Insurance, Neil was Head of Tax at a mid-sized firm of chartered accountants. He was previously a director at Deloitte and Touche and has held a number of senior tax positions in the financial services industry, including HSBC and Barclays.

Matthew Scales, Group Finance Director at Brit Insurance, commented:

“Nigel has implemented key changes to our investment process and his new role demonstrates the increasing importance that we place on managing our investment portfolio, which is currently valued at almost £2.5 billion. As the Group has grown, tax planning and compliance have also become increasingly important to us and Neil’s appointment is our next logical step. Both Nigel and Neil bring targeted expertise to Brit Insurance and we are pleased to welcome them to the Group.”

-Ends-

Enquiries
Carne Curgenven,
Brit Insurance Holdings PLC
020 7984 8500

Peter Rigby/Juliet Tilley,
Haggie Financial
020 7417 8989

Notes to Editors

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

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Appointment of Chief Investment Officer and Head of Group Tax

Brit Insurance Holdings PLC ("Brit Insurance" or "the Group"), today announces the appointment of Nigel Bennett as Chief Investment Officer and Neil Sharman as Head of Group Tax. Both take up these up these newly-created positions immediately.December 12, 2006

Brit Insurance Holdings PLC ("Brit Insurance" or "the Group"), today announces the appointment of Nigel Bennett as Chief Investment Officer and Neil Sharman as Head of Group Tax. Both take up these up these newly-created positions immediately.
December 12, 2006