32OW Brit 3.6757%

 
TIDM32OW 
 
Brit Insurance Holdings B.V. 
 
Dane Douetil, Chief Executive of Brit Insurance Holdings B.V., has announced his 
intention to step down with effect from October 27th.  He will be succeeded, 
subject to FSA approval, by Mark Cloutier. It is intended that Mark Cloutier 
will also join the Board. 
 
In other changes, Non Executive Director Hans-Peter Gerhardt will chair the 
Board's Underwriting Committee.  It is intended that Chief Financial Officer 
Scott Egan will also join the Board.  Brit Insurance Chairman Nick Prettejohn 
will also become a Director of and chair Brit Insurance Limited and Brit 
Syndicates Limited, subject to FSA approval. 
 
Nick Prettejohn said "We are hugely grateful to Dane for the long and central 
role he has played in the growth of the company, most importantly as CEO.  He 
has seen us effectively through the recent transition from the public markets to 
private ownership and we wish him well in his future career.  Mark Cloutier is a 
highly experienced senior executive and together with the other appointments 
announced today, we have strengthened an already strong team.  Against a 
background of sector losses, we achieved a profit in the first half of the year. 
We are now well positioned for the next phase in our development." 
 
Notes: 
 
Bios 
 
Mark Cloutier has over 35 years experience working in the International 
Insurance and Reinsurance sector and holds a number of Non Executive positions 
and has held a number of CEO and senior executive positions, including CEO of 
the Alea Group, CEO of Overseas Partner Re and President - E.W. Blanch Insurance 
Services Inc.   He has worked with a variety of Private Equity investors 
including Kohlberg Kravis Roberts (KKR) and Fortress.  Most recently Mark has 
been providing advice to the Brit Insurance management team in defining the 
future strategy for the Group. 
 
Brit Insurance made a profit after tax in the first half of 2011 of  GBP6.4m. 
 
For further details please refer to the half year report to 30 June 2011. 
 
For press enquiries please contact Mark Jones +44 207 984 8775 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Brit Insurance Holdings B.V. via Thomson Reuters ONE 
 
[HUG#1553418] 
 

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