Brit streamlines business ahead of possible sale
Brit Insurance Holdings has confirmed that from the beginning of 2012, all of the group’s reinsurance and specialty business will be written by Lloyd’s Syndicate 2987 (managed by Brit Syndicates Limited).
According to Insurance Age’s sister title Post, Brit Insurance Limited's (BIL) underwriting portfolio will comprise solely of the group's core UK business, mostly made up of small to medium-sized enterprises and niche personal lines.
The BIL business has been linked with a sale, and it was widely tipped that the Dutch-domiciled group would restructure its operations ahead of a disposal.
Brit was unavailable for comment at 5:00pm to answer questions on the reasons to the latest move, and whether
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