Matthew Wilson News

New Lloyd’s Syndicate-in-a-Box Created to Insure Transport of Future COVID-19 Vaccine

Lloyd’s, the specialist insurance and reinsurance market, announced the creation and in principle approval of its newest “syndicate-in-a-box,” Syndicate 1796,* set up to insure the storage and transportation of a COVID-19 vaccine – once its developed – to emerging economies. …

Brit’s Digital Syndicate Ki Taps Hearsum from Marsh JLT Specialty as Managing Director

Ki, the first fully digital and algorithmically driven Lloyd’s of London syndicate, launched in collaboration with Brit Ltd. and Google Cloud, has announced the appointment of Dan Hearsum as managing director. Hearsum will report into Mark Allan, CEO of Ki. …

Brit Enters High Net Worth Market with Launch of Private Client Offering

Brit Ltd., the London-based specialty insurer and reinsurer, has launched a private client offering. Brit Private Client will provide brokers operating in the high and ultra-high net worth market, and their clients, with a bespoke approach. It will offer clients …

UK Insurer Brit and Google Collaborate to Launch 1st Fully Digital Lloyd’s Syndicate

Brit Ltd. announced plans to launch Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, in collaboration with Google Cloud. Launching in 2021, Ki will be a “follow-only” syndicate, aiming to significantly reduce the amount of time and effort …

Insurer Brit Ltd. Launches E-trading Cyber Portal

Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and the U.S., targeting small and medium sized enterprises (SMEs) in both regions. The portal will give brokers an agile, user-friendly …

Travelers to Transfer European Business to Dublin Subsidiary in Preparation for Brexit

Travelers Insurance Co. Ltd., the U.K. subsidiary of The Travelers Cos., has received approval from the High Court of England and Wales to transfer the portfolios of all relevant in-force policies and historic liabilities written out of its Irish, French, …

Travelers Europe to Form Dublin Insurance Subsidiary Ahead of Brexit

Travelers Europe announced it has been granted a license by the Central Bank of Ireland to form a wholly owned insurance subsidiary in the Republic of Ireland. Based in Dublin, Travelers Insurance Designated Activity Co. (Travelers Insurance DAC) will provide …

Brit Makes ‘Significant’ Investment in Toronto-Based MGU Sutton Special Risk

Brit Ltd., the London-based specialty insurer and reinsurer, announced it has made a significant strategic investment in Sutton Special Risk Inc. Financial details of the deal were not released. Toronto-based Sutton is a managing general underwriter (MGU), specializing in accident …

Brit Partners with Schillings Critical Risk to Create Kidnap-for-Ransom Offering

Brit Ltd. announced it is partnering with Schillings Critical Risk to create a comprehensive kidnap-for-ransom offering. Extortion and kidnap for ransom are extreme and endemic risks for individuals and businesses operating in many countries around the world, said Brit, noting …

Brit Launches Sussex Capital UK to Write Collateralized Reinsurance

Brit Ltd., the specialty insurer and reinsurer, announce the launch of Sussex Capital UK PCC Ltd., a new multi-arrangement insurance special purpose vehicle (MISPV). Sussex Capital UK is the first transformer vehicle to be given permission by the Prudential Regulation …