collateralized reinsurance vehicles News

BRIT Renews, Expands Bermuda-Based SPV Versutus

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. Renews and Expands its Bermuda Special Purpose Insurer, Versutus

Brit Ltd. announce the renewal and expansion of the collateralized reinsurance capacity provided by the Bermuda domiciled special purpose insurer Versutus Ltd., in support of Brit’s property treaty portfolio for 2016. The special purpose insurer will be capitalised at $82.5 …

Bermuda States It Will Fight to Remain Top Domicile for ILS

The Bermuda Stock Exchange (BSX) has issued a lengthy defense of its primary position as the “domicile of choice” for insurance linked securities (ILS); pointing out that 57 percent of such securities issued in 2014 were handled on the island, …