Versutus Ltd.

The Artemis Collateralized Reinsurance Sidecar Directory provides information on fully-collateralized reinsurance sidecar vehicles established to enable third-party investors to share in the returns of insurance or reinsurance business.

Unsure what a reinsurance sidecar is? Read our explanation here: What is a reinsurance sidecar?

Versutus Ltd. sidecar snapshot

  • Reinsurance sidecar: Versutus Ltd.
  • Sponsor: Brit plc
  • Launched: January 2015
  • Latest size: $75m (as at January 2015)

Versutus Ltd. sidecar details

Global specialty insurer and reinsurer, Brit plc, launched Versutus, a Bermuda registered special purpose reinsurance sidecar in January 2015, with $75m of capital. The entire capitalisation of Brit’s fully-collateralized reinsurance sidecar was contributed by third-party investors.

At the time of launch, Brit Global Specialty CEO, Matthew Wilson said; “We are delighted to have secured funding for Versutus from a range of new partners whom we look forward to working with closely in the future.”

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