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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 →

Brit targets ILS growth with Sussex Capital: Denton

Specialty insurance and reinsurance player Brit Ltd. is targeting further growth of its insurance-linked securities (ILS) activities, with expansion of the Sussex Capital platform anticipated, according to Chris Denton. Brit operates a range of third-party reinsurance capital structures, including the Versutus sidecar vehicle and the Sussex Capital insurance-linked securities (ILS) and read the full article →

Brit highlights benefit of capital partner relationships behind Sussex

Specialty insurance and reinsurance player Brit Ltd. highlighted the important benefit of the capital partner relationships behind its Sussex Capital collateralised reinsurance structure this morning, while the firms third-party investors appear to have taken a small share of losses in the first-half. Brit operates a range of third-party reinsurance capital structures, read the full article →

Brit raised third-party capital funds in 2019, shared fewer losses with investors

Specialty insurance and reinsurance player Brit Ltd. successfully raised new capital for its range of insurance-linked securities (ILS) funds and structures in 2019, while investors had a better year as well as the company shared much fewer losses with them. In reporting its results this morning, Brit's senior executive team explained read the full article →

Brit eyes Sussex Capital expansion, seeing good support ahead of 1/1: Sullivan, Allan

Specialty re/insurer Brit’s collateralised reinsurance fund platform, Sussex Capital, is receiving good support and increased allocations ahead of the January 1st renewals, with the firm dedicated to building and expanding on the Diversified Fund, according to Jon Sullivan and Mark Allan. The Sussex Capital platform has become an increasingly meaningful player read the full article →