AM Best has assigned a bbb- rating to the $15m floating rate subordinate notes due in April 2034 issued by Brit Insurance Holdings (BIH).
At the same time, it assigned a bbb insurer credit rating to BIH.
The outlook for both ratings is stable.
BIH is the ultimate parent of Brit Insurance. Brit's financial strength rating is currently A (excellent) reflecting the company's capitalisation and performance prospects, its improved underwriting diversification and raised business profile, said AM Best.
An offsetting factor is the company's growth plans, which include the risks inherent in commencing underwriting several new classes of business. The outlook on the rating is stable.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
