The Artemis Catastrophe Bond and Insurance-linked Securities Deal Directory aims to provide a one-stop resource for information on every cat bond and ILS transaction we hold information on. The content of this Deal Directory is provided as is and there will be some omissions. Help us to keep these cat bond and ILS transaction summaries up to date by contacting us if you see an error or omission that you can correct.
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.”
Go back to the Artemis Collateralized Reinsurance Sidecar Directory.
Register today for ILS Asia 2023, our next insurance-linked securities (ILS) market conference. Held in Singapore, July 13th, 2023.
Get a ticket soon to ensure you can attend. Secure your place at the event here!