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Company Profile - Brit Insurance Holdings Plc

Overview

Brit is a leading and profitable UK-based international general insurance, reinsurance and investment Group and listed in the FTSE 250 with a market capitalisation of £774m as at 11 January 2005. BritÆs subsidiary, Brit Insurance Limited, is a member of the Association of British Insurers and the General Insurance Standards Council, and is Financial Services Authority authorised and regulated. It is licensed to write insurance in the European Economic Area. Worldwide business is written through our wholly owned Syndicate 2987 at LloydÆs. Reinsurance business is written in both entities. BritÆs growth is based on building a high quality, profitable insurance portfolio where partnership with customers and brokers is a key feature.

We are based in London and are committed to a broker distribution model through channels where there is a commitment to profitability, quality products and high service standards. Regional centres have been opened to support brokers throughout the country in Birmingham, Bristol, Darlington, Glasgow, Ilford and Leeds. Centres in Manchester and the South East are to open soon.

Our people are talented, professional, polite and approachable. They demonstrate high levels of drive, enthusiasm and discipline as our culture is based around motivation, training, personal fulfilment and individual responsibility. All our employees are encouraged to own shares in the company.

Our overall objective is to improve the economic well-being and quality of life of all our stakeholders by being a leading and profitable UK-based international general insurance, reinsurance and investment group.

Who are we?

Brit Insurance Limited is rated A+ (Strong) by Fitch Ratings and A (Excellent) by A.M. Best. We have one of the strongest balance sheets in the sector. Syndicate 2987 has a capacity of £500m for 2004, provided 100% by Brit and benefits from the Lloyd's Market ratings of A from Fitch and A. M. Best.

Career Opportunities

For 2005, we will be offering an internship programme and a two-year graduate programme. The ideal candidates will come from an insurance discipline, as both schemes will concentrate on developing our Underwriters of the future. We will be offering the chance for a small number of graduates to participate in a highly rewarding programme.

We will provide an intimate environment and an encompassing approach that will encourage dedicated individuals to flourish and excel.

Training and Development

INTERNSHIP

The Brit Internship programme commences in the first week of July. The 12 week programme will be an opportunity for an undergraduate to spend time in our three Underwriting Centres of:

  • London Markets Reinsurance
  • UK Division

The programme will consist of three, month long placements in each of the Underwriting Centres. As part of the scheme each undergraduate will be asked to produce a paper on a specific aspect of Underwriting/Insurance.

The overall aim of the internship will be to provide you with a basic understanding of our business and will allow an insight into our company culture. 



GRADUATE PROGRAMME The 2 year Graduate programme will be the pathway to employment at Brit.

Starting on in October the graduate programme will be a varied scheme that will encompass all areas of the business. The programme will consist of a two year placement, with one of the Underwriting Centres. Each graduate will also spend six months gaining an overview of the support functions, which will provide you with a rounded knowledge of the business.

Those on the graduate programme will also follow our group training plan; studying for ACII and participating in our internal development programme.

Case Studies

GRADUATE PROFILE
Ahmad Shukr joined Brit's graduate scheme in October 2003 after completing his economics degree.

Name: Ahmad Shukr Age: 23 Job Title: Graduate Trainee University attended: University of North London Degree obtained: Economics

FLEXIBLE ATTITUDE
Joining Brit is a big achievement, currently I am working in the casualty division. There's no routine to my role. It's up to you to chase your ideas and get things done. That's one of the things that impressed me about the organisation. I was placed in the D&O section (Director's and Officer's liability insurance), but I was soon in the thick of things working closely with the senior underwriters.

COMPANY CULTURE

Apart from the work itself the culture of the organisation is also attractive, the people are friendly and supportive and the environment is challenging. Most importantly, my experience so far has always been that individual contributions are recognised and appreciated.

How to apply

Brit Insurance Holdings Plc
55 Bishopsgate
London
EC2N 3AS

Tel : 020 7984 8818

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