Brit receives A+ Fitch rating
Brit Insurance Holdings has announced that Fitch Ratings has affirmed Brit Insurance Limited’s Insurer Financial Strength Rating at ‘A+’.
Fitch has also affirmed the subordinated notes issued by the Group at ‘BBB’ and the Issuer Default Rating of the Group at ‘A-’.
The outlook on all ratings remains stable. In reaching its decision, Fitch noted Brit's consistently good operating performance, strong capital base, prudent reserving strategy and good market position.
Dane Douetil, chief executive officer, Brit, commented: “We welcome Fitch’s affirmation of our ratings. We are especially pleased that Fitch has recognised our
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