Brit

What Brit does

Brit is a London-headquartered global specialty insurer and reinsurer operating through Lloyd's of London via Syndicates 2987 and 2988. Founded in 1999 and wholly owned by Fairfax Financial Holdings Limited (TSX: FFH) since 2025, the group writes complex commercial and reinsurance risks across cyber, casualty, energy, marine, healthcare liability, political risk, professional liability, property, transportation, and financial institutions lines. The group is organised around Brit Global Specialty, Brit Re (Bermuda), Brit India, and the Camargue MGA. The company insures 40% of the Fortune 500 and serves a hybrid mix of large multinationals, SMEs, and institutional clients.

Brit's core technology stack includes the DataSafe three-stage cyber risk management platform (Ready/Set/Recover), the BritOnline e-trading portal, and AI-enhanced pricing tools. The cyber product suite is segmented by customer profile: C360 and CPR for SMEs (the latest product launches distributed via the Acturis platform reaching 30,000+ brokers), XDR and First50 for large multinationals, BCAP and BCAP Industrial for manufacturing and physical-damage cyber exposures (the longest-standing Physical Damage cyber consortium with up to $200m combined limit), XDR Pro Tech for technology companies, and FI Cyber Max for financial institutions. Supporting infrastructure includes embedded breach counsel (Kennedys Law) and a 24/7 claims and breach response service.

Brit's revenue model is built on insurance premiums written ($3,091.7m in 2025, up 3.8% at constant FX) supplemented by investment returns ($586.5m or 9.0% in 2025 on a portfolio 80.2% allocated to cash and fixed income). Distribution is exclusively through insurance brokers and intermediaries at Lloyd's, with a growing e-trading channel for SME products. The company reports a combined ratio after discounting of 81.9%, group profit after tax of $651.8m (+36.2% YoY), return on net tangible assets of 28.8%, and a capital surplus of $1,524.7m (175.2%) over management capital requirements, reflecting significant balance sheet strength under Fairfax ownership.

Name

Brit

Legal name

Brit Group Holdings Limited

Website

https://britinsurance.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Brit is a London-based global specialty insurer and reinsurer operating through Lloyd's of London, writing complex risks across cyber, casualty, energy, marine, healthcare, and property lines for SMEs, large multinationals, and Fortune 500 clients, and is wholly owned by Fairfax Financial Holdings.

Ownership category

akta.pro rank

Product category

Specialty Insurance and Reinsurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Cyber Liability Insurance (FSAJAMAL)

akta.pro secondary industries

Professional Liability (Errors & Omissions) (FSAJADAB), Regulatory Defense, Fines & Penalties (Privacy/Cyber) (FSAJAOAK), Terrorism & Political Violence Reinsurance (FSAOADAK)

Keywords

• Specialty insurance underwriting
• Cyber insurance coverage
• Lloyd's of London syndicate
• Reinsurance capacity
• Insurance risk management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Premiums: Brit generates revenue primarily through insurance premiums written. The company reported Insurance Premium Written for 2025 of $3,091.7 million, an increase of 3.8% over 2024 ($2,978.5m) at constant rates of exchange. The combined ratio after discounting was 81.9%.
2. Investment Returns: Strong investment returns of $586.5m or 9.0% (2024: $272.3m or 4.8%) contributed to profitability. A significant proportion of the investment portfolio remains invested in cash and fixed income securities (2025: 80.2%).

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Brit Insurance is a London-based global specialty insurer and reinsurer that underwrites complex commercial risks through Lloyd's of London Syndicates 2987 and 2988. The company provides a broad portfolio of specialty insurance and reinsurance products with a particular focus on cyber insurance, alongside coverage for accident and health, casualty, marine, energy, property, professional liability, healthcare liability, financial institutions, and political risk. Brit generates revenue primarily through insurance premiums written ($3,091.7m in 2025) and investment returns on the float, distributing exclusively through insurance brokers, coverholders, and intermediaries.

Product overview

Brit Insurance operates as a Lloyd's of London insurer and global specialty insurance/reinsurance provider offering a comprehensive portfolio of cyber insurance products alongside diverse specialty insurance lines. The cyber portfolio includes C360 and CPR for SMEs, XDR for multinational corporations, BCAP for industrial/manufacturing businesses, XDR Pro Tech for technology companies, First50 for large institutional clients, and FI Cyber Max for financial institutions. Supporting infrastructure includes the DataSafe risk management platform with cyber breach response services. Beyond cyber, Brit provides specialty insurance across accident and health, casualty, contingency, cyber, delegated authority, directors & officers, energy, e-trading, financial institutions, fine art and specie, healthcare liability, marine, political risk, private client, professional liability, property, and transportation lines. The group structure includes Brit Global Specialty, Brit Re (Bermuda), and Camargue. Distribution is supported through Lloyd's platforms, traditional brokers, and e-trading via the Acturis platform.

Differentiator

Problem solved

Functional benefit

Brands

• C360: Cyber insurance product for small and medium-sized businesses providing multi-event coverage during a single policy period, covering data theft, business interruption, and breach response services
• BCAP (Brit Cyber Attack Plus)
• BCAP Industrial
• XDR
• XDR Pro Tech
• CPR (Cyber Privacy Response)
• First50
• BRIDGE
• FI Cyber Max
• DataSafe

Products and services

• C360 Cyber insurance product for small and medium-sized businesses providing coverage for multiple cyber events during a single policy period. Covers data theft, business interruption, outages, and breach response services including forensic support and data restoration. Distributed via BritOnline e-trading and the Acturis platform.
• CPR (Cyber Privacy Response) Cyber insurance service tailored for small to medium-sized businesses offering flexibility in insurance protection, covering Incident Response, Notification Services, and Insurance Protection.
• XDR Cyber insurance solution designed for large-scale and multinational corporations, addressing a wide range of exposures with particular focus on network security, privacy, and data protection risks.
• BCAP (Brit Cyber Attack Plus) Award-winning cyber insurance service specifically designed for industrial and trade businesses. BCAP bridges the gap between physical and non-physical risks and offers the largest amount of cyber capacity available in the market on a primary basis through the BCAP consortium (up to $200m).
• XDR Pro Tech Specialized cyber insurance service for technology-based companies offering bespoke policies including Technology Professional Liability, Miscellaneous Professional Liability, Multimedia Liability, and Network Security and Privacy Liability. $30m capacity for technology companies.
• First50 Cyber insurance initiative designed to facilitate the placement of cyber insurance for major institutional clients and global enterprises.
• FI Cyber Max Lloyd's consortium delivering an integrated Cyber and Financial Institutions solution for large, complex Financial Institutions.
• BRIDGE Cargo Consortium Cargo consortium offering up to USD $80 million of cargo line capacity, designed to address broker and client needs for comprehensive cargo risks coverage globally. One of the largest consortiums in the cargo market.
• US HPL Consortium 7882 Hospital Professional Liability consortium providing capacity for US-based hospitals and health systems with maximum capacity of USD 10 million for individual programmes. Provides primary and lower excess layer capacity for medical professional liability risks.
• DataSafe Three-stage cyber protection platform offering: Ready (cyber fitness checks, knowledge centre, advice), Set (virtual CISO, incident response planning, training), and Recover (24/7 breach reporting, digital forensics, claims support). Pre- and post-breach risk management platform bundled with Brit cyber insurance policies.

Quantifiable outcome

• 40% of Fortune 500 companies insured
• +3 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Six partnerships are on record, tiered core, strategic and key.

• Kennedys Law LLPcoreImplementation/ SI/ Consulting Partner · 23 June 2026Kennedys acts as Breach Counsel for Brit's cyber insurance policies, coordinating breach response services including legal advice, regulatory reporting to ICO and international regulators, forensic firm coordination, and ongoing support throughout incident lifecycle.
• ActurisstrategicTechnology or Integration · 11 May 2026Acturis is a leading SaaS provider for general insurance used by over 30,000 brokers. Brit launched on Acturis to ensure instant access for brokers to its cyber offering, supporting distribution to UK SMEs through the C360 product.
• BRIDGE Consortium PartnerskeyStrategic or Co-development Partner · 24 March 2026Partners providing capacity for the new BRIDGE cargo consortium, one of the largest in the cargo market with capacity up to USD $80 million for cargo line capacity worldwide.
• BCAP Capacity PartnerskeyStrategic or Co-development Partner · 29 January 2026Capacity partners supporting Brit Cyber Attack Plus (BCAP) consortium, providing up to $200 million combined cyber limit. BCAP brings together expertise from Brit's Cyber, Property, and Financial Institutions teams.
• Lloyd's of LondoncoreChannel Partner/ Reseller/ Distributor · 1 January 2026Brit provides 100% Lloyd's of London capacity for its US Hospital Professional Liability Consortium 7882 and other consortium products. Brit Syndicates Limited is the managing agent of Syndicate 2987 and Syndicate 2988 at Lloyd's.
• HPL Consortium PartnerskeyStrategic or Co-development Partner · 1 January 2025Consortium partners providing capacity for the Brit US Hospital Professional Liability Consortium 7882, now in its fourth year. The consortium provides market-leading solution for US hospitals with primary and lower excess layer capacity.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• AXIS Capital Holdings: AXIS Capital is a Bermuda-domiciled specialty insurer and reinsurer with significant cyber, professional lines, and marine exposure, directly comparable to Brit's Brit Re Bermuda platform and broader specialty portfolio. Both target Fortune 500 and large complex risks via Lloyd's and Bermuda distribution.
• Lancashire Holdings: Lancashire is a Bermuda-based specialty insurer and reinsurer with a Lloyd's platform, competing with Brit in marine, energy, political risk, and aviation lines. Both are mid-size specialty groups operating across Lloyd's and Bermuda.
• Aspen Insurance Holdings: Aspen underwrites specialty insurance and reinsurance across casualty, marine, energy, and professional lines through Lloyd's and Bermuda, overlapping materially with Brit's specialty book. Both serve complex commercial risks via wholesale broker relationships.
• Hiscox: Hiscox is a Lloyd's-listed specialty insurer writing cyber, professional liability, and D&O lines through brokers, directly overlapping Brit's SME and large-enterprise cyber books. Both firms compete on the same London market specialty platform and distribute through the same e-trading and broker channels.
• Beazley: Beazley is a Lloyd's of London specialty insurer with a market-leading cyber and data breach response practice, mirroring Brit's C360, BCAP, and DataSafe offerings. Both compete head-to-head as primary cyber capacity providers through Lloyd's syndicates and serve the same SME-to-Fortune-500 broker channel.
• Arch Insurance Group: Arch Insurance is a Lloyd's- and Bermuda-platform specialty P&C insurer with cyber, professional liability, and marine books that overlap substantially with Brit's portfolio. Both operate lead-market Lloyd's syndicates alongside Bermuda reinsurance capabilities.

Emerging players

• Convex Group: Convex is a Bermuda-domiciled specialty insurer founded in 2019, building cyber, marine, and aviation capacity competing directly with Brit Re. It is a smaller but rapidly scaling emerging peer in the same specialty insurance and reinsurance niche.

Broad incumbents

• Munich Re: Munich Re is the world's largest reinsurer with a substantial specialty and cyber reinsurance portfolio, providing BCAP-style consortia capacity and competing at the top of the market with Brit's Bermuda and Lloyd's platforms. Both are core capacity providers to specialty insurers globally.
• Swiss Re: Swiss Re is a top-three global reinsurer with cyber, marine, and specialty lines that overlap with Brit Re's reinsurance treaty and facultative business. As a broader incumbent, it is a key capacity partner and competitor across Brit's specialty portfolio.
• Liberty Mutual Insurance (Liberty Specialty): Liberty Mutual's Liberty Specialty Markets division writes cyber, marine, energy, and professional liability through Lloyd's and global hubs, overlapping with Brit's specialty book. As a broad incumbent, it competes for the same complex commercial risks while offering a wider product set beyond specialty.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/britinsurance
• LinkedInlinkedin.com/company/brit-insurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Brit