Versutus Ltd
Third-party capital alignment critical, says Brit CFO, as fee income rises
Alignment between insurance and reinsurance company sponsors of third-party capital vehicles with their investor partners is critical, according to Brit's CFO, as the company revealed a more than trebled its underwriting fee income from such activities in the first-half of the year.Specialty insurance and reinsurance firm Brit Ltd. took its read the full article →
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 →
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’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 →
