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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 →

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 →