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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.