Brit Insurance Holdings N.V. (“Brit Insurance” or the “Group”), the international general insurance and reinsurance group, today announces, subject to regulatory approvals, the nomination of Scott Egan as Group Chief Financial Officer. Brit Insurance shareholders will be asked to approve the nomination of Scott Egan as Group Chief Financial Officer and a member of its statutory board at the general meeting of shareholders to be held no later than January 2011.
It is proposed that Scott Egan will replace Matthew Scales, who announced his intention to step down from his position as Group Chief Financial Officer earlier in the year. Matthew Scales has agreed to remain with the Group until Scott Egan joins to ensure an orderly handover of responsibilities.
Scott joins Brit Insurance from Zurich Financial Services, where he has held various roles including Group Financial Controller, based in Switzerland and UK CFO of Zurich UK. Prior to joining Zurich in 2007 he held numerous positions in Aviva including Finance Director of Norwich Union, UK General Insurance, and Managing Director of RAC Insurance.
Dane Douetil, Chief Executive Officer, Brit Insurance, commented:
“Scott’s technical credentials, leadership skills and industry knowledge will be invaluable to the Group as we continue to build on our strong industry franchise.”
John Barton, Chairman, Brit Insurance added:
“I am delighted that we have attracted someone of Scott’s calibre and look forward to his contribution to the future development of Brit Insurance. I would also like to thank Matthew for his loyalty and huge dedication to the Group since its formation and wish him well in the future”.
-ENDS-
Brit Insurance Holdings N.V Statutory Corporate Seat in Amsterdam, The Netherlands
Enquiries
Neil Manser
Brit Insurance +44 (0)20 7984 6980
Mark Jones
Brit Insurance +44 (0)20 7984 8500
Juliet Tilley
Haggie Financial +44 (0)20 7417 8989
Notes to Editors
About Brit Insurance
Brit Insurance is an international general insurance and reinsurance group specialising in commercial insurance. The Group writes a diverse portfolio of over 70 classes of insurance and reinsurance offering worldwide protection. The scope is wide-ranging: from sole traders to the largest multinational corporations; from manufacturers to professional services; from shops to satellites. Our distribution model is centred on brokers and intermediaries. Reflecting where our customers trade, we are organized into three strategic business units – Global Markets, UK and Reinsurance – which have access to our underwriting platforms including Brit Insurance Limited and our Lloyd’s syndicate, Brit Syndicate 2987.