Brit Ltd and Ki announced that, effective January 1, 2025, Ki will operate as a standalone company within the Fairfax Group.
Launched by Brit in 2020, Ki began writing business as Syndicate 1618 at Lloyd’s in 2021, marking its entry as the first digital follow syndicate in the market.
Over the past four years, Ki has expanded significantly, evolving into a digital follow platform with capacity sourced from multiple syndicates. In 2024, Ki wrote over US$1 billion in gross written premium (GWP) through its platform.
Having reached operational scale, Ki will now transition to function as an independent entity within Fairfax, while maintaining a close partnership with Brit, which will remain a nominated lead for all classes of business.
The separation will not impact how brokers interact with Ki or its underwriting appetite. Ki’s operations and strategic focus will remain aligned with its role as a digital follow platform.
Martin Thompson (pictured above), CEO of Brit Group, highlighted Ki’s evolution. He stated that Ki’s development reflects the vision and ambition of both organisations.
“The scale, sophistication and growth potential of Ki makes this a natural next step, enabling both companies to focus on their core strengths in ‘lead’ and ‘follow’ respectively,” Thompson said.
Mark Allan, CEO of Ki, remarked that the company’s growth since its launch validates its approach to digital follow underwriting, built on underwriting discipline.
“The support we have had from the market highlights the collective belief in the benefits of a digitally enabled trading environment. We could not have wished for a better home than Brit for our first four years, and they remain a cornerstone partner for Ki,” Allan said.
He added that becoming a standalone entity marks a significant milestone for Ki and positions it to take advantage of future opportunities.
Ki’s transition is seen as a step toward enhancing its independent capabilities while continuing its collaboration with Brit and the broader market. Both companies expressed gratitude to their teams and partners who contributed to Ki’s growth since its inception.
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