Brit Insurance ratings confirmed by Fitch

Brit's Insurer Financial Strength "A+" rating confirmed, on negative outlook
June 4, 2008

Brit Insurance Holdings PLC ("Brit Insurance" or "the Group"), the UK-based international general insurance and reinsurance group, today welcomes the decision by Fitch Ratings to confirm the "A+" Insurer Financial Strength rating for the Group's principle insurance company subsidiary, Brit Insurance Limited (BIL). In affirming the rating, Fitch acknowledges the company's strong capital position, disciplined underwriting and prudent reserves. Also noted is recognition that the group has only grown its portfolio where conditions allow and that there is a good level of diversification. Conditions in the UK market have been challenging and reflecting this, Fitch has moved the rating’s outlook from stable to negative.

Dane Douetil, Chief Executive of the Group, commented:

"We are pleased that, for the fifth consecutive year, Fitch has confirmed BIL's rating at A+. At this stage in the cycle it is perhaps not surprising that outlooks are changing though we look forward to moving to a stable outlook as our UK franchise starts to deliver benefits in the coming years."

-ENDS-

Enquiries
Carne Curgenven, Brit Insurance Holdings PLC
020 7984 8500

Peter Rigby/Juliet Tilley, Haggie Financial
020 7417 8989

Notes to Editors
About Brit Insurance
Brit Insurance's operations comprise three strategic business units: Brit Global Markets, Brit Reinsurance and Brit UK. All three have access to the two regulatory vehicles through which Brit Insurance underwrites: Brit Insurance Limited which is a UK FSA regulated insurance company and Lloyd's syndicate 2987 which is managed by Brit Syndicates Limited. Brit Insurance has UK underwriting offices in London, Reading, Birmingham, Bristol, Glasgow, Leeds, Darlington, Ilford and Manchester.
www.britinsurance.com

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Brit Insurance ratings confirmed by Fitch

Brit's Insurer Financial Strength "A+" rating confirmed, on negative outlookJune 4, 2008

Brit's Insurer Financial Strength "A+" rating confirmed, on negative outlook
June 4, 2008