History of Brit



  • Renewed special purpose reinsurance vehicle, Versutus
  • Moved to new London headquarters in The Leadenhall Building
  • Unveiled new Lloyd’s ‘Box’ in London
  • Significant investment in Camargue Underwriting Managers, South Africa
  • Launched Syndicate 2988 backed by Lloyd’s names
  • Matthew Wilson appointed as Group CEO


  • Brit aquired by Fairfax Financial Holdings
  • Senior Underwriter appointed to launch General Liability for BGSU
  • Dedicated Healthcare team joined Brit
  • Matthew Wilson appointed Deputy CEO


  • Brit Plc lists on the London Stock Exchange following Initial Public Offering


  • Opened distribution capability in Bermuda
  • Acquired renewal rights and underwriting platform of Maiden Holdings’ E&S Property business


  • Sale of non-core regional UK business to QBE
  • Creation of the Brit Global Specialty underwriting franchise led by Matthew Wilson, CEO Brit Global Specialty
  • Brian Randall joins Brit Global Specialty as Divisional Director - Energy and Power
  • Jon Sullivan joins Brit Global Specialty as Portfolio Director – Short Tail Reinsurance
  • Sale of BIL to RiverStone Insurance Ltd


  • Cash purchase by Achilles Netherlands Holdings B.V. for Brit Insurance completes


  • Recommended cash offer for the Group by Achilles Netherlands Holdings N.V.


  • Established Brit Insurance Services USA in Chicago, to underwrite on behalf of the Group’s Lloyd's Syndicate 2987.
  • Brit Insurance Holdings N.V. (the Company) became the new holding company of the Group. The company is incorporated in the Netherlands, and listed in the UK.


  • A £7m investment is made in Xbridge – the leading online insurance and finance technology platform


  • Entered into a three year $200m catastrophe swap contract with Fremantle Limited. The transaction won the Credit Magazine’s 'Structured Cell' award.
  • Following the success of Norton Re, Norton Re II is launched, a larger investment vehicle.
  • £50m share buy-back successfully completed.


  • Lead investor of Norton Re, a Bermuda-based catastrophe retrocession underwriter.
  • Awarded ‘Company of the Year’ at the Insurance Day London Market Awards and the ‘Major Loss Award’ (British Insurance Awards) for our swift and effective response to the 2005 US windstorms.


  • Raised £150m capital through subordinated bond issue to consolidate other debt and to increase underwriting capacity in 2006.