Brit Insurance ratings confirmed by A. M. Best

Brit's Financial Strength Rating confirmed 'A' with Stable Outlook
June 12, 2008

Brit Insurance Holdings PLC ('Brit Insurance' or 'the Group'), the UK-based international general insurance and reinsurance group, welcomes the decision by A. M. Best ("the Agency") to confirm the 'A' (Excellent) Financial Strength Rating for the Group’s principle insurance company subsidiary, Brit Insurance Limited (BIL).

In affirming the rating and stable outlook, the Agency commends the company's excellent risk-adjusted capitalisation, good overall operating performance and excellent market profile. This is supported by the Agency’s confidence in BIL's level of prudence in reserves, its enhanced reinsurance programme, including the use of Rockhampton PCC Ltd, and its well diversified book of business.

Dane Douetil, Chief Executive of the Group, commented:

"This is the 10th year that A. M. Best has rated BIL; the last six years at 'A' (Excellent). During this time the company has grown from a small specialist reinsurer to a well-known and respected general re/insurer with an established network of UK offices and representative offices in Europe and Australia; a creditable achievement.

"Our 'A' rating is important to our brand and I am delighted that once more it has been independently recognized that our strategy is working and that it justifies an excellent Financial Strength Rating".

-ENDS-

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 operations comprise three strategic business units: Brit Global Markets, Brit Reinsurance and Brit UK. All three have access to the two regulatory vehicles through which Brit Insurance underwrites: Brit Insurance Limited which is a UK FSA regulated insurance company 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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Brit Insurance ratings confirmed by A. M. Best

Brit's Financial Strength Rating confirmed 'A' with Stable OutlookJune 12, 2008

Brit's Financial Strength Rating confirmed 'A' with Stable Outlook
June 12, 2008