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Brit hires Drew from Aviva as new Head of Outwards Reinsurance

Specialty insurance and reinsurance group Brit Ltd. has hired James Drew, previously working at Aviva, as its new Head of Outwards Reinsurance.Drew moves into the new outwards reinsurance purchasing role at Brit as of July 1st and will be based in London, reporting to Christiern Dart, Group Chief Underwriting Officer.Drew read the full article →

Brit’s Sussex Capital targets doubling of premiums, ~$250m AuM in 2019

Specialty insurer and reinsurer Brit Ltd. has targeted a doubling of written premiums for its Sussex Capital collateralised reinsurance fund platform in 2019, which would equate to growth to around $250 million of assets under management.We have learned that Sussex Capital has been marketing its insurance-linked securities (ILS) funds in read the full article →

Brit has ambitious plans for its ILS vehicles: Deputy CUO, Jon Sullivan

Specialty insurer and reinsurer Brit has plans to increase its managed capacity and has ambitious growth plans for its range of insurance-linked securities (ILS) vehicles, according to Jon Sullivan, the firm’s Deputy Global Chief Underwriting Officer (CUO).In recent times and despite a more difficult environment, global specialty re/insurer Brit has read the full article →

Brit renews Versutus sidecar for 2019, lifts third-party capital to $440m

Specialty insurance and reinsurance player Brit Ltd. has renewed its Versutus collateralised reinsurance sidecar for 2019 and increased its third-party capital managed to around $440 million as a result.Brit said this morning that it was pleased to announce the successful placement of the Versutus Ltd. 2019 Series of its reinsurance read the full article →

Brit grows third-party capital, expands investor base for 2019

Despite what the firm explains as a "more difficult environment" for fundraising, specialty insurance and reinsurance player Brit Ltd. said it has grown its third-party capital base and added new institutional investors for 2019.Brit's managed third-party investor backed capacity reached $400 million across its Sussex Capital collateralised reinsurance platform, Versutus read the full article →

First UK collateralised reinsurance PCC encouraging to see: LMG

The London Market Group (LMG) said that it is encouraged to see the successful registration and launch of the first UK domiciled protected cell company (PCC) for collateralised reinsurance, as this is seen as the likely driver for future ILS market expansion.As we reported yesterday, specialty insurance and reinsurance firm read the full article →

Brit gets license for a UK collateralised reinsurance PCC vehicle

Specialty insurance and reinsurance player Brit Ltd. has become the first to successfully register and get licensed a multi-use collateralised reinsurance PCC vehicle in the UK, with the launch of Sussex Capital UK PCC Limited.The vehicle will allow Brit and its Sussex Capital insurance-linked securities (ILS) and third-party reinsurance capital read the full article →

Brit’s managed capital fees rise, thanks to Sussex, Versutus & Lloyd’s

Specialty insurance and reinsurance player Brit Ltd. has begun to recognise an increasing benefit from managing third-party capital, as the firms managed capacity reached $400 million across its Sussex Capital collateralised reinsurance platform, Versutus reinsurance sidecar, and Lloyd's syndicate 2988.Brit is ambitiously growing its third-party capital activities, with the most read the full article →

Brit to make Sussex Capital into a “leading ILS manager”, adds two new hires

Specialty insurance and reinsurance player Brit Ltd. has set out its stall with respect to its ambitions in the collateralised reinsurance and insurance-linked securities (ILS) space, saying that it aims to turn its Sussex Capital unit into a "leading ILS manager."Brit announced two senior appointments to Sussex Capital today, with read the full article →

Brit adds Graham Pewter to board of Sussex Capital collateralised vehicle

Brit Ltd., the global specialty insurance and reinsurance company, has announced new board appointments including the addition of Graham Pewter, previously the President and CEO of Catlin, to the board of the firms collateralised reinsurance venture Sussex Capital Limited.Sussex Capital is Brit's third-party capital management venture, which launched for the read the full article →