Brit Insurance

Brit Insurance is an international general insurance and reinsurance group specializing in commercial insurance. The Company writes a diverse portfolio of commercial specialty insurance and reinsurance with a focus on property, casualty and energy business. It operates in three segments: Global Markets, UK and Reinsurance. The Company's distribution model is centred on brokers and intermediaries.

Employee Rating

4.0More
TypeSubsidiary
Parent CompanyFairfax Financial
HQLondon, GB
Founded1999
Websitebritinsurance.com
Brit Insurance was founded in 1999 and is headquartered in London, GB

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Key People/Management at Brit Insurance

Mark Cloutier

Mark Cloutier

Executive Chairman
Matthew Wilson

Matthew Wilson

Group Chief Executive Officer
Mark Allan

Mark Allan

CFO
Nicholas Davies

Nicholas Davies

President, Brit Global Speciality USA
Lorraine Denny

Lorraine Denny

Chief Engagement Officer
Shane Kingston

Shane Kingston

Chief Risk Officer & Chief Actuary
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Brit Insurance Office Locations

Brit Insurance has an office in London
London, GB (HQ)
The Leadenhall Building, 122 Leadenhall Street
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Brit Insurance Financials and Metrics

Summary Metrics

Founding Date

1999
Brit Insurance is a subsidiary of Fairfax Financial

Brit Insurance Revenue

Brit Insurance's revenue was reported to be $1.77 b in FY, 2017 which is a 6.3% increase from the previous period.
Annual
USDFY, 2016FY, 2017

Revenue

1.7b1.8b

Revenue growth, %

6%

Operating expense total

1.5b1.8b

EBIT

175.0m17.5m
Half Year
USDH1, 2017

Revenue

883.4m

Operating expense total

722.9m

EBIT

160.5m

EBIT margin, %

18%
Annual
USDFY, 2016FY, 2017

Cash

1.0b1.6b

PP&E

22.9m21.3m

Total Assets

6.0b7.0b

Total Debt

157.5m301.9m
Half Year
USDH1, 2017

Cash

1.2b

PP&E

22.5m

Total Assets

6.6b

Total Debt

166.7m
Annual
USDFY, 2016FY, 2017

Cash From Operating Activities

651.3m569.0m

Purchases of PP&E

8.3m900.0k

Cash From Investing Activities

19.5m6.7m

Dividends Paid

(90.8m)(45.8m)
Half Year
USDH1, 2017

Cash From Operating Activities

270.3m

Purchases of PP&E

3.8m

Cash From Investing Activities

(3.9m)

Dividends Paid

(45.8m)
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Brit Insurance Operating Metrics

FY, 2015FY, 2016H1, 2017FY, 2017

COR

91.7%96.4%94.8%112.4%

Claims Ratio

53.5%56.5%54.1%72%

Expense Ratio

38.2%39.9%40.7%40.4%

Commission Ratio

26%27.2%27.6%
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Brit Insurance Revenue Breakdown

Embed Graph

Brit Insurance revenue breakdown by business segment: 70.9% from Brit Global Specialty Direct, 17.5% from Brit Global Specialty Reinsurance and 11.6% from Other

Brit Insurance Online and Social Media Presence

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Brit Insurance Blogs

Brit appoints Head of Outwards Reinsurance

Brit Ltd (“Brit”) announces the appointment of James Drew as Head of Outwards Reinsurance. In this role, effective 1 July 2019, James will be based in London and report to Christiern Dart, Group Chief Underwriting Officer. James will also work closely with Reinhard Seitz, currently Head of Outwards …

Brit managed capacity expands for 2019

Brit Limited (‘Brit’), the global specialty insurer and reinsurer, is pleased to announce the completion of the Versutus 2019 Series. This is the fifth annual renewal and continued development of the Versutus Ltd (Versutus) vehicle. Versutus offers access to Brit’s strong underwriting franchise t…

Strong growth in an improving environment

FULL YEAR RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 STRONG GROWTH IN AN IMPROVING ENVIRONMENT Key points Gross written premiums of US$2,239.1m (2017: US$2,057.0m), an increase at constant exchange rates of 8.0%. Risk adjusted premium rates on renewal business increased by 3.7% (2017: 1.3…

Brit makes strategic investment in Sutton Special Risk

Brit Limited (‘Brit’), the global specialty insurer and reinsurer, is pleased to announce that it has made a significant strategic investment in Sutton Special Risk Inc (“Sutton”). Sutton is a leading MGU, specializing in Accident & Health business, with over 40 years of experience as a Lloyd’s…

Brit partners with Schillings to create new Kidnap for Ransom offering

Brit Ltd (“Brit”) is pleased to announce that it is partnering with Schillings Critical Risk, part of Schillings, to create a comprehensive kidnap for ransom offering. In today’s rapidly changing geopolitical and economic climate, extortion and kidnap for ransom are extreme and endemic risks for i…

Brit Global Specialty USA appoints John King as Chief Underwriting Officer

Brit Ltd (“Brit”) is pleased to announce the appointment of John King as Chief Underwriting Officer for Brit Global Specialty USA (“BGSU”). John moves to BGSU from his current role as Group Executive Underwriter at Brit Global Specialty in London. In his new role, John will be based in Chicago, and…
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Brit Insurance Frequently Asked Questions

  • When was Brit Insurance founded?

    Brit Insurance was founded in 1999.

  • Who are Brit Insurance key executives?

    Brit Insurance's key executives are Mark Cloutier, Matthew Wilson and Mark Allan.

  • What is Brit Insurance revenue?

    Latest Brit Insurance annual revenue is $1.8 b.

  • Who are Brit Insurance competitors?

    Competitors of Brit Insurance include MS Amlin, Swiss RE and StoneRiver.

  • Where is Brit Insurance headquarters?

    Brit Insurance headquarters is located at The Leadenhall Building, 122 Leadenhall Street, London.

  • Where are Brit Insurance offices?

    Brit Insurance has an office in London.

  • How many offices does Brit Insurance have?

    Brit Insurance has 1 office.