Martin Thompson appoint as Group CEO and Executive Chairman of Ki
Kanika Chaganty appointed as Brit Chief Data Officer
Bilge Mert appointed as Brit Chief Technology Officer
Tim Hodgkins appointed as Brit Cyber Underwriting Consultant
Keel, Brit’s Marine War Consortium awarded Underwriting Initiative of the Year at the 2022 Insurance Insider Honours awards
Launched Direct Pay in the US
Brit Private Client ranked first in the Highpoint High Net Worth report
Partnered with GT Scholars an on outreach project helping young people access career opportunities in insurance
2021
Named ‘Claims Team of the Year’ at the 2021 National Insurance Awards
Launched a Machine Learning Algorithm to enable faster claims response
Launched Keel, Brit’s Marine War consortium
First continuous contracts piloted, in partnership with Lloyd’s
Partnered with VERCIDA in our commitment to Inclusion & Diversity
Ki wins Digital insurance award at the 2021 National Insurance awards
2020
Appointed Michael Wade OBE as an Independent Consultant
Launched Ki, the first algorithmically driven Lloyd's of London Syndicate
Entered HNW market with Brit Private Client
Appointed Mark Allan as Ki CEO
Blackstone invested alongside Fairfax in $500m Ki launch
Completed launch of debut cat bond - Sussex
2019
Brit Re rated A 'excellent' by A.M Best
Launched online platform for cyber risks
Began new partnership with Geospatial Intelligence Centre (GIC)
Announced the completion of Versutus 2019 Series
Announced strategic investment in Sutton Special Risk Inc
2018
Completed and expanded the Versutus 2018 Series Notes
Announced three new board members - Andrea Welsch, Pinar Yetgin and Graham Pewter
2017
Launch of Bermuda-domiciled reinsurance platform - Sussex Capital
Relocated Gibraltar-based reinsurer to Bermuda – Brit Re
Launched US Excess Casualty team
Launched US Professional Lines team
Launched US Cyber team
Began three year partnership with Team BRIT – a motor racing team of injured ex troops
Renewed and expanded special purpose reinsurance vehicle, Versutus
2016
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
2015
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
2014
Brit Plc lists on the London Stock Exchange following Initial Public Offering
2013
Opened distribution capability in Bermuda
Acquired renewal rights and underwriting platform of Maiden Holdings’ E&S Property business
2012
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
2011
Cash purchase by Achilles Netherlands Holdings B.V. for Brit Insurance completes
2010
Recommended cash offer for the Group by Achilles Netherlands Holdings N.V.
2009
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.
2008
A £7m investment is made in Xbridge – the leading online insurance and finance technology platform
2007
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.
2006
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.
2005
Raised £150m capital through subordinated bond issue to consolidate other debt and to increase underwriting capacity in 2006.
Brit News
Amynta Group Acquires Ambridge Group from Brit a subsidiary of Fairfax