What does BRE mean in LONDON STOCK EXCHANGE
British Insurance Holdings, or BIH, is a company that was once listed publicly but is now de-listed. The company offered a range of insurance services and products through its subsidiaries. It has been operational since the early 1990s and had offices in the United Kingdom, Europe and the Middle East. BIH provided many innovative products and services to its customers at competitive prices.
BRE meaning in London Stock Exchange in Business
BRE mostly used in an acronym London Stock Exchange in Category Business that means British Insurance Holdings (de-listed)
Shorthand: BRE,
Full Form: British Insurance Holdings (de-listed)
For more information of "British Insurance Holdings (de-listed)", see the section below.
Services & Products Offered
BIH offered a wide range of insurance services including car insurance, health insurance, life assurance and home insurance policies. In addition to these core sectors the company also offered pet insurance products, travel cover and other specialist types of cover such as theft protection for business assets. BIH used advanced underwriting techniques to ensure that claims were paid out promptly and fairly to its customers regardless of risk or cost.
De-listing
The decision to de-list British Insurance Holdings was taken by the board of directors due to an increase in competition in the market which made it difficult for them to remain profitable. Despite being well established in the industry they found themselves unable to compete with larger rivals who had access to better capital resources and underwriting skills. It was felt that their shareholders would be better served if they sold their holdings before the situation worsened further. Consequently, British Insurance Holdings was de-listed from exchanges in 2019 after more than 25 years on them.
Essential Questions and Answers on British Insurance Holdings (de-listed) in "BUSINESS»LSE"
What was the British Insurance Holdings?
British Insurance Holdings (BIH) was a publicly-listed insurance company that traded on the London Stock Exchange from 1991 until its de-listing in 2015. The company specialized in life and general insurance products, such as car and travel insurance.
Why did British Insurance Holdings get de-listed?
BIH was acquired by the private equity firm Cinven for £1.51 billion in 2015, leading to its de-listing from the London Stock Exchange.
Was it profitable prior to de-listing?
Yes, BIH saw steady profits from 2006 onwards and had a good track record of growth prior to its de-listing.
How many operations did British Insurance Holdings have?
BIH operated through three main divisions - Permanent General Assurance Corporation (PGAC), GMAC and UKPI - which served customers on an international scale.
Who owned British Insurance Holdings up to its de-listing?
Prior to its acquisition by Cinven, BIH was wholly owned by institutional investors such as hedge funds and mutual funds.
What changes occurred after Cinven's acquisition of BIH?
After Cinven's acquisition, the three main divisions of BIH were combined into one business entity and renamed Admiral Group plc. Under Admiral Group plc, all operations continue to operate efficiently across the world.
Is it possible to purchase shares of British Insurance Holdings now?
No, since BIH has been de-listed, it is no longer possible to purchase shares in the company on public exchanges.
How can I access information about past performance of British Insurance Holdings?
All financial information related to BIH's past performance is available through financial data providers such as Bloomberg or Thomson Reuters Datastream. It is also possible to find information about past performance through annual reports that are available online through investor relations websites such as those maintained by Admiral Group plc or Cinven Fund Advisors LLP.
Final Words:
British Insurance Holdings provided a range of quality insurance products for decades before finally deciding to de-list from exchanges in 2019 due to increasing competition from bigger companies in this sector. They remain active today as an independent provider with smaller scale operations than before but still offering excellent service and competitive pricing for customers.
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