Ki to become standalone business within the Fairfax Group

Brit Ltd (“Brit”) and Ki are pleased to announce that Ki will operate as a standalone company within the Fairfax Group, effective 1 January 2025.

Ki was incubated and launched by Brit in 2020 and began writing business on 1 January 2021 with its own syndicate, 1618. Ki was one of the largest start-up syndicates in the history of Lloyd’s and the first digital follow syndicate.  

Over the last 4 years, Ki has grown significantly and evolved to become a digital follow platform offering capacity from multiple syndicates with over $1 billion of GWP written through the platform in 2024. 

Ki has now reached scale and developed its operations to enable it to operate as a separate company within Fairfax. It will continue to maintain a close partnership with Brit as a nominated lead across all classes. These changes to corporate structure and operations do not impact how brokers trade with Ki or Ki’s appetite in any class of business.

Martin Thompson, CEO Brit Group, said: “Ki is a true success story for Brit, and testament to the vision and ambition of both organisations. The scale, sophistication and growth potential of Ki makes this a natural next step, enabling both companies to focus on their core strengths in ‘lead’ and ‘follow’ respectively.” 

Mark Allan, CEO of Ki, said: “Ki’s achievements since its launch in 2020 validates our unique approach to digital fast-follow, built on underwriting discipline. The support we have had from the market highlights the collective belief in the benefits of a digitally enabled trading environment.

We could not have wished for a better home than Brit for our first four years, and they remain a cornerstone partner for Ki. Becoming a standalone company is an important milestone for everyone at Ki and positions us to capitalise on the opportunities we have ahead of us. We want to thank everyone at Brit and Ki who has been part of our journey so far, as well as our valued partners in the market for their continued support and commitment.”