London-based Brit Ltd. has renewed and expanded the collateralized reinsurance capacity provided by its Bermuda domiciled sidecar, Versutus Ltd., in support of Brit’s property catastrophe portfolio for 2018. Marking the fourth annual renewal and continued expansion of this vehicle, Versutus …
Brit Ltd., the London-based specialty insurer and reinsurer, has launched a Bermuda-domiciled collateralized reinsurance platform, Sussex Capital. Sussex Capital, through Sussex Re, a newly established Bermuda-domiciled special purpose insurer, will write direct collateralized reinsurance while also providing collateralized reinsurance to …
Brit Ltd. announced it is relocating its Gibraltar-based reinsurer, Brit Insurance (Gibraltar) PCC Ltd., to Bermuda. The process is expected to be completed by the end of the year, following which Brit Insurance (Gibraltar) will be renamed Brit Reinsurance (Bermuda) …
Brit Ltd. announced that insurance industry veteran, Scott Brock, has joined as president of newly formed specialty platform Scion Underwriting Managers. In this role, Brock will be responsible for building and managing the operations of Scion, which will partner with …
Brit Ltd. announced it has appointed Jonathan Liening as senior vice president, Excess Casualty, for Brit Global Specialty USA. Liening joins BGSU, effective Aug. 21, and is based in Chicago. He reports to Douglas Trainor. He will focus on writing …
Brit Ltd. announced that it has appointed David Lim as CEO, Brit Global Specialty Singapore, with effect from May 15, 2017. Following the appointment, Lim, together with Charles Barrett, chief underwriting officer, Asia Pacific, will be responsible for identifying growth …
Arthur J. Gallagher announced it has responded to the “perfect storm” facing manufacturers – a rising risk of cyber attacks, coupled with increased vulnerability and largely excluded exposures – by designing a tailor-made policy to more effectively transfer their unique …
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 …
London-based Brit Ltd. said it has renewed and expanded the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer, Versutus Ltd., in support of Brit’s property treaty portfolio for 2017. The special purpose insurer will be capitalised at …
Brit Ltd., the London-based specialty insurer, has received in principle approval* from the Lloyd’s Franchise Board to launch a new syndicate, Syndicate 2988. The syndicate plans to begin underwriting business attaching on or after January 2017, subject to completion of …
