Catastrophe losses from the recent U.S. hurricanes and Mexican earthquakes will lead to price rises on London market insurers’ loss-affected lines and could also affect wider market pricing trends, according to Fitch Ratings in a new report. The total industry …
Brit Global Specialty USA is launching a Cyber and Technology team and has hired Michael Carr appointed as senior vice president to lead the offering. Carr was formerly Technology practice leader for Argo Group. He has 30 years of experience …
London-based Brit Ltd. said it has renewed and expanded the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer, Versutus Ltd., in support of Brit’s property treaty portfolio for 2017. The special purpose insurer will be capitalised at …
Brit Ltd., the London-based specialty insurer, announced the appointment of Matthew Wilson as group chief executive officer, effective Jan. 1, 2017. Upon Wilson’s appointment, which is subject to regulatory approval, Mark Cloutier, the current group CEO, will become executive chairman …
Brit Ltd., the London-based specialty insurer, announced the launch of a Lloyd’s consortium for diamond processing. Now quoting business, the new consortium brings additional capacity of up to $50 million to the London market. “The consortium, which is led by …
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of a Lloyd’s led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. The facility will allow brokers to fully bind through one underwriter, with Talbot …
Brit Ltd., the global specialty insurer and reinsurer, announced it has made a significant strategic investment in Camargue Underwriting Managers, one of South Africa’s leading providers of specialized insurance products. Financial details of the transactions were not disclosed. “The investment …
Brit Ltd., the global specialty insurer, has launched a Lloyd’s consortium for commercial general aviation. Now quoting business, the consortium is being led by Brit with capacity also being provided by Kiln, Hiscox, Apollo and Pritchard, and is the only …
Brit Limited has launched a product for the fine art and specie sector. The product, Conexus, has been designed by Brit to combine cover for fine art and specie, property business interruption and general liability into a single policy. The …
Brit Ltd., the London-based specialty insurer, has opened an office in Singapore, which will begin operations on March 1 via the Lloyd’s Singapore platform. Brit has received approval to begin underwriting from both Lloyd’s and the Monetary Authority of Singapore …
