Group interests

Brit Insurance develops its business through strategic partnerships and investments in other businesses. Examples include:

Xbridge
The Group owns 38.9% of the ordinary share capital of Xbridge Limited and has a director on its Board. Xbridge Limited is an unlisted company registered in England and Wales. Its accounting reference date is 31 December. The company’s principal activity is online insurance and finance technology through the Simply Business website.

Verex Limited
The Group owns 35.3% of the ordinary share capital of Verex Limited and has a director on its Board. Verex Limited is an unlisted company registered in England and Wales. Its accounting reference date is 31 December. The company provides vehicle manufacturer affinity motor insurance, accident management, network management and related products and services, back office support and administration to vehicle manufacturers, their dealers and associated body shops.