Versutus Ltd
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 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 →
Brit’s new Lloyd’s ILS fund is in Bermuda & will feature longer-tailed risks
Demonstrating how challenging it can be to bring third-party capital into the Lloyd's insurance and reinsurance market, Brit's newly launched insurance-linked securities (ILS) fund strategy takes a roundabout route to connect the capacity with the returns of its underwriting in the market. Brit announced the launch of its Sussex Specialty Insurance read the full article →
Brit launches Lloyd’s focused ILS fund, Sussex Specialty Insurance Fund
Specialty insurance and reinsurance firm Brit Ltd. has launched a new insurance-linked securities (ILS) fund strategy designed to allow investors direct access to the returns of its Lloyd's underwriting business. The company calls the Sussex Specialty Insurance Fund the first ILS structure of its kind to offer investors access to the read the full article →
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 →
