Financial Services >> CEO Interviews >> October 4, 1999

Neil Eckert – Brit Insurance Holdings Plc (bre.l)

NEIL ECKERT began work within the Lloyd's market in 1980. He joined Benfield Lovick & Rees & Co. Ltd in September 1986 as an insurance broker. Benfield Lovick & Rees & Co. Ltd. Became Benfield Ellinger Limited in 1991, following the acquisition of Ellinger Heath & Western. He became director of Benfield Lovick & Rees & Co. Ltd. (Benfielf Ellinger Ltd.) and the Benfield Group Limited in 1991. This became one of the most profitable private companies in the UK and is now one of the leading independent reinsurance intermediaries in the world. He focussed on corporate capital at Lloyd's and the start up of Benfield's wholly owned reinsurance company. Neil joined the board of Benfield & Rea Brothers Limited with responsibility for the financial service areas of The Benfield Group Limited in March 1995. This subsequently became Benfield Advisory Limited. Areas of activity included corporate finance and advice to investors on insurance companies. He joined the board of The Benfield & Rea Investment Trust plc at launch in October 1995. Neil was appointed to the boards of various companies which The Benfield & Rea Investment Trust invests in, including Harlequin Insurance PCC Limited, a Guernsey based captive insurance company. Profile
TWST: Can you please give me an overview and a brief history of the

Investment Trust, and a description of its investment mandate.

Mr. Eckert: The company was formed as an investment trust in