Sussex Capital


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 →

Brit’s Sussex Capital raised $102.5m for collateralised reinsurance in 2018

Global specialty insurance and reinsurance company Brit Ltd's new open-ended collateralised reinsurance fund vehicle raised $102.5 million from investors for the 2018 underwriting year, which the firm called "the next step in Brit's strategy to build long term relationships with the capital markets."Sussex Capital, an open-ended ILS fund that will read the full article →

Versutus sidecar hits $187m, third-party capital reaches $400m for Brit

Global specialty insurance and reinsurance company Brit Ltd. has increased the size of its fully-collateralized reinsurance sidecar Versutus Ltd. to $187 million for 2018, which alongside its other capital markets activities takes third-party capital managed at the firm to $400 million.This is the fourth renewal and expansion of the Versutus read the full article →

Brit launches Sussex Capital collateralised vehicle, Jay Nichols joins board

Specialty insurance and reinsurance player and part of the Fairfax group Brit Ltd. has launched a new collateralised reinsurance vehicle, named Sussex Capital, which will write third-party business on a fully-collateralised basis and also assume risk from Brit's syndicate at Lloyd's.Brit has also named reinsurance industry veteran Jay Nichols to read the full article →