Brit Announces Appointment of Dr Richard Ward as Chairman

10-12-2013

Brit Insurance Holdings BV (“Brit” or the “Company”) is pleased to announce the appointment of Dr Richard Ward as Chairman of the Company and of Brit Syndicates Limited. Dr Ward will assume the position on 1 February 2014 (subject to regulatory approval), when he steps down from his current position as Chief Executive of Lloyd’s.

Mark Cloutier, Brit Group Chief Executive Officer, said:
“Over the past three years we have transformed Brit into a global specialty insurer and re-insurer operating solely through our Lloyd’s of London platform. Richard’s experience and understanding of the global marketplace is second to none and I am extremely pleased he will be bringing his great depth of experience and knowledge to Brit. I would also particularly like to thank those Board members who have taken on additional board responsibilities during the past few months as we have carried out the search for a Chairman.”

Dr Richard Ward, Chairman-designate, commented:
“Brit is evolving into a world leader in specialty insurance. Mark and the team have done a great job reshaping the business in recent years, and I very much look forward to playing a part in their continuing international success.”

ENDS

For further information, please contact:

James Olley/Ed Moore, Brunswick +44 (0) 20 7404 5959

Biography of Richard Ward
Richard Ward has served as Chief Executive of Lloyd’s since April 2006. Previously he worked as both CEO and Vice-Chairman at the International Petroleum Exchange (IPE), re-branded ICE Futures. Prior to this, he held a range of senior positions at BP, after pursuing a scientific career with the Science & Engineering Research Council (SERC). He is a Board member of Partnership Assurance Group plc.

About Brit Group
Brit is a market leader in global specialty insurance and reinsurance. We underwrite across all major classes of commercial insurance with a strong focus on Property, Casualty and Energy business. Brit is a reputable and influential name in the Lloyd’s market and we pride ourselves on our specialist underwriting and claims expertise.