30th Mar 2006 07:01
BRIT Insurance Holdings PLC30 March 2006 FOR IMMEDIATE RELEASE 30 March 2006 Brit Insurance Holdings PLC Board and senior executive appointments Brit Insurance Holdings PLC ("Brit" or "the Group"), the UK-based internationalgeneral insurer and reinsurer, today announces the following seniorappointments: Kathy Lisson will be appointed to the Board of Brit Insurance Holdings PLC inher capacity of Chief Operating Officer, with effect from 26 April 2006. Kathyjoined Brit in September 2005 as Chief Operating Officer and a member of theGroup's Executive Management Committee ("EMC") after three years as OperationalTransformation Director at Barclays PLC where she was responsible for majorstrategic investment programmes and operations redesign for the Barclays groupof companies. Prior to working with Barclays she was an Executive VicePresident of the Bank of Montreal. In accordance with paragraph 9.6.13 of the Listing Rules it is confirmed thatthere are no details to be disclosed under paragraphs 9.6.13 (1) to (6) of theListing Rules. Mike Sibthorpe, London Market Underwriting Director, has been appointed to theBoards of Brit's FSA-regulated insurance company, Brit Insurance Limited, andits Lloyd's managing agent, Brit Syndicates Limited, with effect from today.Mike joined Brit in 1998, created the Accident & Financial division and wasinstrumental in establishing Brit as one of the major financial risksunderwriters. He was promoted to London Market Underwriting Director and ActiveUnderwriter for Brit's Lloyd's syndicate, Syndicate 2987, in June 2004 andjoined the EMC in January 2005. Jonathan Turner, Reinsurance Underwriting Director, has been appointed to theEMC. Jonathan joined Brit in June 2005 to head its reinsurance operations,having previously spent 15 years with the QBE group of companies, most latterlyin the role of Director of Underwriting - Treaty Division at QBE Re. Clive Coates, Chairman stated: "I am delighted to welcome Kathy to the Board ofBrit Insurance Holdings PLC. She has already had a significant positive impacton our operations since she joined Brit last year and I look forward to workingwith her at Board level". Dane Douetil, Chief Executive Officer, commented: "Mike has played aninstrumental role in Brit's development over a number of years and hisappointment to the boards of the two key operating companies reflects his wideexperience and expertise. "Kathy and Jonathan are newer to Brit than Mike but both have quicklydemonstrated the value that we expected they would be able to add. Theseappointments reflect that value and our anticipation of their furthercontribution to the Group." - ENDS - Enquiries Dane Douetil, Brit Insurance Holdings PLC 020 7984 8500David Haggie, Haggie Financial 020 7417 8989 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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