7. Winterthur (Credit Suisse)

Gross written premiums less treaty (2000): £1,308.6m

Includes gross written premiums less treaty for:
NIG £495.6m
Churchill £455.5m
Winterthur International Insurance £357.6m

Churchill Insurance

Gross written premiums less treaty (2000): £455.5m
Year established: 1989
Address:
Churchill Court
Westmoreland Road
Bromley
Kent
BR1 1DP
Tel: 020 8313 3030
Fax: 020 8313 5361
Website: www.churchill.com

History: Churchill was launched in 1989 with the backing of Winterthur Insurance, which is now part of the Credit Suisse Group - one of the worlds leading financial services companies.

From start-up Churchill has built a customer base in excess of 1.9 million. It has won awards for Best Direct Motor Insurance Provider; Best Internet Car and Travel Insurance Provider (Your Money Direct).

With headquarters in Bromley, Kent, the company also owns a software house in New Delhi, India, a network of accident repair centres and operations in Ipswich, Teesside and Peterborough.

Churchill Insurance is owned by the ChurchiIl Insurance Group, which also includes subsidiaries, Devitt Insurance Services, NIG (National Insurance and Guarantee) and Inter Group Insurance Services. This gives the group multichannel distribution covering a wide range of general insurance
markets.

Churchill has alliances with blue chip companies, including Lloyds TSB, Alliance & Leicester, Nationwide Building Society, The Co-operative Bank, Standard Life and Royal London. In August 2001, Churchill entered into a partnership deal with AMP of Australia to become the sole provider for their UK subsidiary Pearl Assurance's general insurance business. Churchill also distributes its products through major insurance broker panels such as the AA and Kwik-Fit.

This month, it was announced that Prudential was transferring its UK personal lines general insurance business to Winterthur and its UK subsidiary Churchill. The deal will enable Churchill to offer Prudential-branded general insurance products in the UK.

Chief officer: Martin Long, chairman and chief executive
Biography: Long founded Churchill Insurance in
1989. Before setting up Churchill, Long was one of the original team that founded Direct Line and was director and manager from 1984 to 1987.

Number of UK Staff: 2,700
Main classes of general insurance business: Private motor, home buildings and contents, travel, pet, caravan and motorcycle

Key general insurance personnel:
John O'Roarke, managing director
Peter Horton, operations director
David Hiddleston, business development director
Charles Crawford, technical services and e-commerce director
Steve Hardy, finance director

NIG

Gross written premiums less treaty (2000): £495.6m
Year company established: 1894
UK head office: Crown House, 145 City Road,
London EC1V 1LP
Tel: 020 7656 6000
Fax: 020 7251 0345
Email: information@nig-uk.com
Website: www.nig-uk.com

Company history:
Established in 1894, NIG sells insurance policies through a network of independent brokers. NIG provides a wide range of insurance products protecting motor cars, motorcycles, homes and businesses.

At the Insurance Broker Industry Awards, it was the Private Motor Claims winner in 1998 and the Personal Lines Claims Service winner in 1999. NIG has been runner-up for the Best Insurer Overall Award for the past four years and won Private Motor Insurer of the Year in 1996, 1997 and 1998.

Chief officer: P Bunker, managing director
Number of UK staff: 910
Number of UK general insurance agents: 5,000
Main classes of business: Personal lines, commercial lines and special risks.

Winterthur International Ins

Sold to Bermuda-based XL Capital in February 2001
Gross written premium less treaty (2000): £357.6m
Year company established: 1985

History: Winterthur International was incorporated in 1985 and started writing business from January 1986. It changed its name from Winterthur Insurance Company to Winterthur International Insurance Company in March 1994. It is now part of XL Capital, which through its operating subsidiaries is a leading provider of insurance and reinsurance coverages and financial products to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis.

Notes: Figures for Churchill Insurance have been extracted from the 2000
shareholders accounts.

On 25 Jul 2001, XL Capital Ltd (Bermuda) completed the all-cash purchase of Winterthur International from Winterthur Swiss Insurance Company. The transaction is believed to exclude the company's strategic risk solutions unit, some of its motor business and some of its life and pensions business.

Hallmark Insurance excluded - assumed Hibernian business in 1997 and was subsequently renamed Hibernian. In 1999 the company was placed into run-off, and in 2000 was renamed Hallmark again.

HIH Cas&Gen Insurance excluded - HIH went into provisional liquidation in March 2001, and in August 2001 the company went into full liquidation.

HIH Indemnity Int'l excluded - HIH went into provisional liquidation in March 2001, and in August 2001 the company went into full liquidation Neuchatel Swiss excluded - company has now dissolved.