Sussex Capital

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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 →