REG - Brit Limited - Debt Issuer Substitution

Fairfax Financial HoldingsAnnouncement

22/01/2025 15:15

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RNS Number : 3321U  Brit Limited  22 January 2025

22 January 2025

 

£150,000,000 6.625 PER CENT. SUBORDINATED NOTES DUE 2030 (ISIN XS0237631097)
ISSUED BY BRIT LIMITED AND GUARANTEED BY BRIT INSURANCE HOLDINGS LIMITED

(the "Notes")

Notice is hereby given that Brit Group Holdings Limited has been substituted in place of Brit Limited as issuer and principal debtor under the Notes, with effect on and from 22 January 2025, and certain other general updates and modifications have been made to the Trust Deed and Agency Agreement, each in accordance with the terms of the Trust Deed. The Notes will continue to be guaranteed by Brit Insurance Holdings Limited. The substitution reflects changes to the Brit group structure.

Brit Group Holdings Limited was incorporated on 7 August 2024 and is a wholly
owned subsidiary of Brit Limited. It is the new holding company for the Brit
insurance businesses.

Notice of the substitution has been delivered to the holders of the Notes as
per the terms of the Notes.

 

Enquiries

Daniel Dixon : +44 (0)20 3857 0000

Antony Usher : +44 (0)20 3857 0000

 

About Brit

Brit is a market-leading global specialty insurer and reinsurer, focused on
underwriting complex risks. It has a major presence in Lloyd's of London, the
world's specialist insurance market provider, with significant US and
international reach. Brit underwrites a broad class of commercial specialty
insurance with a strong focus on property, casualty and energy business. Its
capabilities are underpinned by robust financials. Brit is a subsidiary of
Fairfax Financial Holdings Limited.

 

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