Brit Insurance appoints CEO of UK Business Unit

PRESS RELEASE

FOR IMMEDIATE RELEASE

18th August 2010

Brit Insurance Holdings N.V.

Brit Insurance appoints Ray Cox as CEO of UK business unit

Brit Insurance, the international general insurance and reinsurance group, today announces the promotion of Ray Cox to Chief Executive Officer of its UK Strategic Business Unit. The appointment is effective from 1st September 2010. Ray will join the Executive Management Committee and report directly to Group CEO Dane Douetil.

Ray Cox has over 30 years of experience in the UK commercial insurance market. He joined Brit Insurance in 2006 as Underwriting Director of the Group's UK Strategic Business Unit. Prior to this, he held various senior positions at RSA, including Director of Underwriting and Risk for its UK business.

The role of UK Strategic Business Unit CEO was formerly held by Peter Burrows, who announced his intention to retire in late 2009, and has since held the position of Executive Chairman of the unit. Peter will continue to work closely with Ray until his retirement in December.

Dane Douetil, Chief Executive Officer of Brit Insurance, commented:

"In the current insurance market environment it is important that we capitalise on the success of our UK business and I am pleased that we have been able to appoint an internal candidate of Ray's quality to provide continuity and stability. Ray has been an integral part of the senior team that has helped to build our UK underwriting business. His strong underwriting background and leadership skills, together with his intricate knowledge of the UK commercial market and our business, made him ideal for this position.

"I would also like to thank Peter for his pivotal role in leading our UK operations through a period of growth and transformation to become a major player in the UK commercial market. We wish him all the very best for his retirement."

Ray Cox commented:

"I have enjoyed working with Peter and the team to build our UK business and I am greatly looking forward to leading the business through its next stage of evolution, as we continue to build an efficient and dynamic business with a strong focus on active portfolio management."

Brit Insurance comprises three strategic business units: UK, Global Markets and Reinsurance. Global Markets is led by CEO Matthew Wilson and Reinsurance by CEO Jonathan Turner. All three units have access to the Group's two underwriting platforms, Brit Insurance Limited and Brit Syndicate 2987 at Lloyd's.

-ENDS-

Brit Insurance Holdings N.V

Statutory Corporate Seat in Amsterdam, The Netherlands

Enquiries

Media :

Mark Jones

Group Marketing and Communications Director

Brit Insurance +44 (0)20 7984 8500

Juliet Tilley

Haggie Financial +44 (0)20 7417 8989

Analysts and investors:

Neil Manser

Head of Investor Relations

Brit Insurance +44 (0)20 7098 6980

Notes to Editors

About Brit Insurance

Brit Insurance is an international general insurance and reinsurance group specialising in commercial insurance. The Group writes a diverse portfolio of over 70 classes of insurance and reinsurance offering worldwide protection. The scope is wide-ranging: from sole traders to the largest multinational corporations; from manufacturers to professional services; from shops to satellites. Our distribution model is centred on brokers and intermediaries. Reflecting where our customers trade, we are organized into three strategic business units - Global Markets, UK and Reinsurance - which have access to our underwriting platforms including Brit Insurance Limited and our Lloyd's syndicate, Brit Syndicate 2987.

www.britinsurance.com