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Brit delivers more income to third-party capital as premiums rise

Specialty insurance and reinsurance player Brit Ltd. reported delivering more income to its third-party capital partners and investors in its ILS-style reinsurance structures through the first-half of the year in 2022. Brit’s main third-party reinsurance capital vehicle sits under the Sussex Capital branded insurance-linked securities (ILS) fund type operations now, as read the full article →

Sussex Capital embarking on “ambitious expansion strategy”, says Denton

Brit Ltd., the specialty insurance and reinsurance company, has ambitious plans to expand its Sussex Capital ILS management and collateralised reinsurance platform, according to Chris Denton, Managing Director of Sussex Capital Management and the Chief Underwriting Officer of Brit Re. Speaking after new hires were revealed last week, Denton explained that read the full article →

Brit hires Cornell Fox & Masa Kitade to Sussex Capital team

Specialty insurance and reinsurance player Brit Ltd. has made two new senior hires to the team of its Sussex Capital ILS management and collateralised reinsurance platform, adding well-known insurance-linked securities (ILS) executives Cornell Fox and Masa Kitade in Bermuda. Cornell Fox has joined Sussex Capital as Head of Investor Relations and read the full article →

Brit grows third-party capital income, Sussex used to fund Ki Syndicate

Specialty insurance and reinsurance player Brit Ltd. reported its results for 2021 this morning and its senior executives disclosed that the company experienced increased income through its third-party capital management activities for the year, while these structures also played a role in funding capital to its new algorithmic Ki Syndicate. Martin read the full article →

Brit benefiting from third-party capital growth in 2021: Execs

Senior executives of specialty insurance and reinsurance player Brit Ltd. said this morning that the company is benefiting from having expanded its third-party capital assets in 2021, resulting in higher fee income being earned as well. Brit Ltd. reported its first-half results this morning, saying that it wrote 14.2% more in read the full article →

Brit’s ILS asset manager Sussex Capital grows to $525m

Specialty insurance and reinsurance player Brit Ltd. successfully expanded its insurance-linked securities (ILS) management activities during 2020, with its Sussex Capital ILS management and collateralised reinsurance platform increasing its assets under management to $525 million. Sussex Capital is an insurance linked securities (ILS) asset management platform that Brit founded in Bermuda read the full article →

Brit’s third-party capital investors take fewer losses, more income in 2020

Third-party investors participating in the underwriting of specialty insurance and reinsurance player Brit Ltd. have shared in fewer major losses, while taking a greater share of income through these activities in 2020, than in the prior year. Brit reported its results this morning and the use of third-party reinsurance capital from read the full article →

Brit hails “strong response” to first cat bond from ILS investor community

Specialty insurance and reinsurance player Brit Ltd. has hailed the "strong response" from ILS investors to its debut catastrophe bond issuance, which helped the Sussex Capital UK PCC Limited (Series 2020-1) transaction upsize to $300 million. Brit's debut cat bond completed yesterday, securing the company a $300 million source of multi-year read the full article →

Brit upsizes first Sussex Capital UK catastrophe bond to $300m

Specialty insurance and reinsurance player Brit Ltd. is the latest to target an upsizing of its first catastrophe bond issuance, as the firms Sussex Capital UK PCC Limited (Series 2020-1) transaction now has an increased target size of $300 million. This is Brit's first full 144a catastrophe bond deal, with the read the full article →

Brit seeks $250m catastrophe bond using UK vehicle Sussex Capital UK PCC

Specialty insurance and reinsurance player Brit Ltd. is entering the catastrophe bond market for its first full 144a deal and is utilising its UK domiciled multi-use collateralised reinsurance PCC vehicle, Sussex Capital UK PCC Limited, for the $250 million U.S. multi-peril Sussex Capital UK PCC Limited (Series 2020-1) issuance. Brit registered read the full article →