Brit Global Specialty News

Brit Global Specialty Adds Nationwide’s Mocio to U.S. Cyber Team

Brit Global Specialty has appointed Courtney Mocio as vice president, Cyber & Technology. In this role, Mocio will be responsible for helping to grow Brit’s cyber and technology portfolio in the U.S. Mocio brings a track record of underwriting network …

XL Catlin’s Bongi Moves to Brit Global Specialty USA to Launch Professional Lines

Brit Ltd. has appointed Tom Bongi as executive vice president of Professional Lines at Brit Global Specialty USA. Bongi is responsible for establishing and developing Brit’s Professional Lines portfolio in the U.S. with a focus on small-to-medium sized business. He …

Brit Launches Lutine Yacht Consortium with Capacity of $250M

Brit Ltd., the London-based specialty insurer, announced the launch of a new Lloyd’s consortium for yachts, called the Lutine Yacht Consortium. The consortium has a capacity of $250 million, offering 100 percent Lloyd’s security to insure motor and sailing vessels …

Brit Launches Diamond Processing Consortium with Capacity Up to $50M

Brit Ltd., the London-based specialty insurer, announced the launch of a Lloyd’s consortium for diamond processing. Now quoting business, the new consortium brings additional capacity of up to $50 million to the London market. “The consortium, which is led by …

Edgewater Holdings, Brit Global to Offer Cyber Security Coverage

Edgewater Holdings has collaborated with specialty insurer and reinsurer Brit Global Specialty to offer cyber security protection through the Employment Practices Risk Management Association (EPRMA). Policies purchased through Edgewater’s network come with membership to EPRMA and include value-added features such …

Brit Invests in South Africa’s Camargue Underwriting Managers

Brit Ltd., the global specialty insurer and reinsurer, announced it has made a significant strategic investment in Camargue Underwriting Managers, one of South Africa’s leading providers of specialized insurance products. Financial details of the transactions were not disclosed. “The investment …

London-Based Brit Opens Singapore Office, Operating via Lloyd’s Platform

Brit Ltd., the London-based specialty insurer, has opened an office in Singapore, which will begin operations on March 1 via the Lloyd’s Singapore platform. Brit has received approval to begin underwriting from both Lloyd’s and the Monetary Authority of Singapore …

Brit Ltd. Renews and Expands its Bermuda Special Purpose Insurer, Versutus

Brit Ltd. announce the renewal and expansion of the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer Versutus Ltd., in support of Brit’s property treaty portfolio for 2016. The special purpose insurer will be capitalised at $82.5 …

Beazley, Aspen and Brit Launch ‘International Cyber Consortium’ at Lloyd’s

Beazley has joined forces with Lloyd’s syndicates managed by Aspen and Brit Global Specialty to launch the International Cyber Consortium. The consortium will focus on providing robust data breach cover to businesses domiciled outside the United States with revenues in …