About Brit Insurance
Brit Insurance is a company based in London (United Kingdom) founded in 1999 was acquired by Fairfax Financial Holdings in February 2015. It operates as a Professional Services, and FinTech. Brit Insurance has raised $375 million across 1 funding round from investors including CVC, Apollo Global Management and Fairfax Financial Holdings. Brit Insurance offers products and services including Insurance, Reinsurance, and Cyber Insurance. Brit Insurance operates in a competitive market with competitors including Aviva, RAC, Lloyd’s, Blue KC and Royal London, among others.
- Headquarter London, United Kingdom
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Brit Group Services Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$375 M (USD)
in 1 rounds
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Latest Funding Round
$375 M (USD), Series D
Aug 31, 2021
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Investors
CVC
& 3 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Brit Insurance
Brit Insurance offers a comprehensive portfolio of products and services, including Insurance, Reinsurance, and Cyber Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Various insurance products are offered for diverse sectors.
Reinsurance treaties are provided for global casualty risks.
Cyber protection solutions are delivered for digital threats.
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Software Development Team
91 people
Leadership Team
16 people
Head Team
13 people
Senior Team
12 people
Finance and Accounting
10 people
Data Analysis and Operations Team
6 people
Legal and Compliance
4 people
Product Management Team
4 people
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Funding Insights of Brit Insurance
Brit Insurance has successfully raised a total of $375M through 1 strategic funding round. The most recent funding activity was a Series D round of $375 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $375.0M
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First Round
First Round
(31 Aug 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series D - Brit Insurance | Valuation | OMERS |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Brit Insurance
Brit Insurance has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include CVC, Apollo Global Management and Fairfax Financial Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Buyouts are targeted through private equity investments by the firm.
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Founded Year | Domain | Location | |
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Mezzanine financing and equity investments are provided by CVC.
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Founded Year | Domain | Location | |
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Pensions for Canadian employees are managed by OMERS.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Brit Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Brit Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Brit Insurance Comparisons
Competitors of Brit Insurance
Brit Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Aviva, RAC, Lloyd’s, Blue KC and Royal London, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance and asset management services are offered in multiple regions.
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| domain | founded_year | HQ Location |
Vehicle parts and accessories are sold via an online platform.
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| domain | founded_year | HQ Location |
Insurance carrier services are provided globally by Lloyd’s.
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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| domain | founded_year | HQ Location |
Mutual life insurance, pensions, and investment services are provided.
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| domain | founded_year | HQ Location |
Insurance services are provided by Athora in the United Kingdom.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Brit Insurance
Frequently Asked Questions about Brit Insurance
When was Brit Insurance founded?
Brit Insurance was founded in 1999 and raised its 1st funding round 22 years after it was founded.
Where is Brit Insurance located?
Brit Insurance is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Brit Insurance a funded company?
Brit Insurance is a funded company, having raised a total of $375M across 1 funding round to date. The company's 1st funding round was a Series D of $375M, raised on Aug 31, 2021.
What does Brit Insurance do?
Brit Insurance is involved in offering a wide range of specialty insurance and reinsurance products. Coverage is provided across sectors such as casualty, property, cyber, marine, and energy. Solutions are tailored for industries including aerospace, healthcare, financial services, and technology. Operations are managed from headquarters in London, with additional presence in Bermuda. Collaboration with FinTechs and InsurTechs is emphasized to enhance service delivery and innovation.
Who are the top competitors of Brit Insurance?
What products or services does Brit Insurance offer?
Brit Insurance offers Insurance, Reinsurance, and Cyber Insurance.
Who are Brit Insurance's investors?
Brit Insurance has 4 investors. Key investors include CVC, Apollo Global Management, Fairfax Financial Holdings, and OMERS.