Brit Insurance

Brit Insurance Holdings N.V. () ) is the parent company of an international general insurance and reinsurance group specialising in commercial insurance. It is a public company listed on the London Stock Exchange and was formerly quoted on the FTSE 250 Index prior to a tender offer by Achilles Netherlands Holdings B.V. in March 2011.

History

The Company was founded as Benfield & Rea Investment Trust in 1995. In 1996 it acquired Stewart Syndicates Limited and in 1999 it went on to buy Wren PLC. In 1999 it ceased to be an investment trust and relisted as Brit Insurance Holdings PLC. In 2007 it was included, for the first time, in the FTSE4Good Index. At the end of 2009, pursuant to a scheme of arrangement under the Companies Act 2006 of the United Kingdom, all publicly held shares in the group's listed parent company at the time were cancelled and the former holders of those shares were issued (depositary interests representing) shares in the group's new parent company, Brit Insurance Holdings N.V., a Dutch public company that continued the former parent company's listing on the London Stock Exchange.

Achilles Netherlands Holdings B.V., a company formed by funds managed by private equity firms Apollo Management and CVC Capital Partners, agreed to acquire the...
Read More