insurance founded 1995 headquarters london uk key people richard ward chairman mark cloutier ceo products insurance reinsurance revenue 1 070.5 million 2014 1 operating income 162.6 million 2014 1 net income 139.0 million 2014 1 website www.britinsurance.com brit is an international general insurance and reinsurance group specialising in commercial insurance . it was acquired by fairfax financial in may 2015 . contents 1 history 2 operations 3 references 4 external links history edit the company was founded as benfield & rea investment trust in 1995 . 2 in 1996 it acquired stewart syndicates limited and in 1999 it went on to buy wren plc. 2 in 1999 it ceased to be an investment trust and relisted as brit insurance holdings plc. 2 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 firm for 888 million in october 2010 . 3 its offer was declared unconditional in march 2011 and following this brit insurance was removed from the ftse 250 index . 4 on 18 june 2012 brit announced the sale of its subsidiary brit insurance limited bil to riverstone group . 5 the company was subject to an initial public offering in march 2014 . 6 the company was acquired by fairfax financial in may 2015 . 7 operations edit brit has a diversified portfolio of businesses both in terms of geographic location and types of business . business is written through lloyd s syndicate 2987 . 5 references edit a b c annual report 2014 . brit . retrieved 24 march 2015 . a b c brit insurance history davies paul j. 25 october 2010 . brit insurance agrees sale to cvc and apollo . financial times . retrieved 24 march 2011 . brit insurance holdings plc uk offer by achilles netherlands holdings n.v. non constituent declared wholly unconditional changes in ftse indices . ftse group . 9 march 2011 . retrieved 24 march 2011 . a b brit sells to riverstone . insurance age . 18 june 2012 . retrieved 14 june 2015 . apollo cvc raise 398.5 million in brit insurance ipo . insurance journal . 28 march 2014 . retrieved 24 june 2014 . brit insurance agrees to 1.22 bn takeover by canadian rival . the telegraph . 17 february 2015 . retrieved 14 june 2015 . external links edit official site retrieved from https en.wikipedia.org w index.php title brit plc & oldid 673910881 categories insurance companies of the united kingdomcompanies based in londoncompanies established in 1995 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 31 july 2015 at 09 26 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view