Brit Ltd. News

Markets/Coverages: Digital Lloyd’s Syndicate Ki Partners With Travelers and Aspen to Expand Follow Capacity

Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced that Travelers and Aspen will offer additional follow capacity through its digital platform from Jan. 1, 2024. As a result of this partnership, Ki will become the first algorithmic …

Markets/Coverages: Brit Renews and Expands Flagship Cyber Consortium

Brit Ltd. announced the renewal and planned expansion of its leading cyber consortium, Brit Cyber Attack Plus (BCAP), a cyber product designed to protect clients from the impact of physical damage arising from cyber-attacks. BCAP offers limits of up to …

Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal

Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year strategic partnership has been formed in which Brit (a subsidiary of Fairfax Financial Holdings Ltd.) will be a significant capacity …

Wilson Steps Down as Brit CEO for Ongoing Health Issues, Succeeded by Thompson

Brit Ltd., the London-based specialty insurer and reinsurer, announced that Matthew Wilson will be stepping down from his role as group CEO and will be succeeded by Martin Thompson, who will become the new group CEO and executive chairman of …

People Moves: Conduit Re Names Roberts CUO; Brit Appoints Hodgkins as Cyber Underwriting Consultant; Oneglobal Hires Gallagher’s de Lima as CEO, Andean Region

This edition of International People Moves details appointments at Conduit Re, Brit Ltd. and Oneglobal Broking. A summary of these new hires follows here. Conduit Re Names Roberts as Chief Underwriting Officer Conduit Re announced the appointment of Greg Roberts …

People Moves: Chubb Hires Global Aerospace’s Abbott; Brit Names Chaganty as Chief Data Officer; WTW Taps Marsh’s Gardner for GB Renewable Energy & Power Team

This edition of International People Moves details appointments at Chubb Global Markets, Brit Ltd. and Willis Towers Watson. A summary of these new hires follows here. Chubb Global Markets Appoints Abbott as Product Head Aviation Chubb appoints Simon Abbott as …

People Moves: Liberty GTS Expands in Europe; AEGIS London Promotes Yeldham to CUO; Brit Names Argo’s Allen, MAP’s Poynder for Property Facilities Team

This edition of International People Moves details appointments at Liberty Global Transactions, AEGIS London and Brit Ltd. A summary of these new hires follows here. Liberty Global Transaction Solutions Expands European Presence Liberty Global Transaction Solutions announced that, as part …

Arch Re Promotes Moeller to CEO, With Bongiorno, Hackett as CUOs; Brit Hires Hiscox’s Allchorne, Aviva’s Wells for N. America Open Market Property Team

This edition of International People Moves details appointments at Arch Re and Brit. A summary of these new hires follows here. Arch Re Promotes 3 in Leadership Team Arch Reinsurance Co. (Arch Re Co.) announced several promotions in its leadership …

Brit Pilots 1st Continuous Binder for Delegated Authorities, to Replace Annual Renewals

Brit Ltd. announced it has piloted the first continuous binder at Lloyd’s for delegated authorities, which will go live in January 2022. Continuous contracts form a key part of the Future at Lloyd’s vision for delegated underwriting, said Brit. The …

Brit Completes $380M Loss Portfolio Transfer With Legacy Specialist RiverStone

Brit Ltd. announced it has completed a loss portfolio transfer (LPT) agreement with RiverStone International. The agreement is for predominantly legacy years of account on certain classes and certain discontinued classes of business underwritten by Brit Syndicate 2987 and is …