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

4.2More
TypeSubsidiary
Parent CompanyFairfax Financial
HQLondon, GB
Founded1999
Websitebritinsurance.com
Cybersecurity ratingBMore
Brit Insurance was founded in 1999 and is headquartered in London, GB

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Key People/Management at Brit Insurance

Matthew Wilson

Matthew Wilson

Group Chief Executive Officer
Mark Allan

Mark Allan

Chief Financial Officer
Nicholas Davies

Nicholas Davies

President, Global Speciality USA
Lorraine Denny

Lorraine Denny

Chief Engagement Officer
Shane Kingston

Shane Kingston

Chief Risk Officer & Chief Actuary
Christiern Dart

Christiern Dart

Chief Underwriting Officer
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Brit Insurance Office Locations

Brit Insurance has offices in London, Alpharetta, Atlanta, Chicago and in 7 other locations
London, GB (HQ)
The Leadenhall Building, 122 Leadenhall Street
Singapore, SG
138 Market St, 04
Alpharetta, US
12600 Deerfield Pkwy #100
Atlanta, US
3455 Peachtree Rd NE #500
Chicago, US
161 N Clark St #3200
Glastonbury, US
628 Hebron Ave #210
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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 £1.07 b in FY, 2018
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.3b1.4b1.7b1.8b1.1b

Revenue growth, %

6%

Operating expense total

1.5b1.8b

Depreciation and amortization

2.4m2.3m3.3m
Half Year
USDH1, 2017

Revenue

883.4m

Operating expense total

722.9m

EBIT

160.5m

EBIT margin, %

18%
Annual
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

361.7m465.9m1.0b1.6b627.0m

Accounts Receivable

1.1b1.2b2.1b

Current Assets

4.1b4.5b5.2b

PP&E

5.3m16.9m22.9m21.3m13.3m
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)
GBPFY, 2014

Financial Leverage

4.6 x
Show all financial metrics

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

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

Embed Graph

Brit Insurance Blogs

Brit and Google Cloud collaborate to launch Ki, the first algorithmically driven Lloyd’s of London syndicate

Ki to launch in 2021 as standalone, fully digital syndicate London, United Kingdom, 13 May, 2020: Today, Brit Limited (‘Brit’) announced plans to launch Ki, a standalone business and the first fully digital and algorithmically-driven Lloyd’s of London syndicate that will be accessible anywhere, at…

Brit Global Specialty USA expands Programs business with new hire

Brit Ltd (“Brit” or “the Group”) is pleased to announce the appointment of Tracy Wade as Vice President, Programs, for Brit Global Specialty USA (“BGSU”). Tracy will report to Tim Chesson, Senior Vice President, Programs. Tracy will be based in Alpharetta, Georgia and be responsible for developing …

Full year results for the year ended 31 December 2019

Full Year results for the Year ended 31 December 2019 A return to profit driven by a strong underwriting performance Key points Gross written premiums of US$2,293.5m (2018: US$2,239.1m), a 2.4% increase (3.4% at constant FX rates). Risk adjusted premium rates increases on renewal busines…

Brit Global Specialty USA continues Cyber & Technology Expansion

Brit Ltd (“Brit”) is pleased to announce the appointment of Douglas Ruhlman as Assistant Vice President, Cyber for Brit Global Specialty USA (“BGSU”). Douglas will join BGSU’s successful Cyber & Technology team, reporting to Jeff Norton, Senior Vice President, Cyber Liability. Douglas will work…

Brit launches Lloyd’s ILS fund

Sussex Specialty Insurance Fund to offer ILS investors access to Brit Syndicate 2988 Fund first ILS structure of its type offering access to Lloyd’s risks Brit Limited (‘Brit’), the global specialty insurer and reinsurer, today announces the launch of Sussex Specialty Insurance Fund (‘SIF’ or ‘th…

Brit announces launch of e-trading Cyber Portal

Launch represents next phase of build-out for Brit Cyber Services, Brit’s leading global cyber offering Brit Ltd (“Brit”) is pleased to announce the launch of its online platform for cyber risks. The e-trading portal will launch in both the UK and the US targeting SMEs in both regions. The portal…
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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 Matthew Wilson, Mark Allan and Nicholas Davies.

  • How many employees does Brit Insurance have?

    Brit Insurance has 741 employees.

  • What is Brit Insurance revenue?

    Latest Brit Insurance annual revenue is £1.1 b.

  • What is Brit Insurance revenue per employee?

    Latest Brit Insurance revenue per employee is £1.4 m.

  • Who are Brit Insurance competitors?

    Competitors of Brit Insurance include Palmer & Cay, Aspen Insurance and QuanTemplate.

  • 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 offices in London, Alpharetta, Atlanta, Chicago and in 7 other locations.

  • How many offices does Brit Insurance have?

    Brit Insurance has 13 offices.