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 …
Brit Ltd., the London-based specialty insurer, has received in principle approval* from the Lloyd’s Franchise Board to launch a new syndicate, Syndicate 2988. The syndicate plans to begin underwriting business attaching on or after January 2017, subject to completion of …
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 …
The Travelers Cos. Inc. announced it will offer insurance directly to UK small businesses with fewer than 10 employees and less than £2.5 million ($3.7 million) in revenues. The online platform will initially be available for office businesses, such as …
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 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 …
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 …
London-based Brit plc, which completed its merger with Fairfax Financial Holdings in the first half of this year, reported operating profit before foreign exchange and transaction related expenses of $70.9 million, compared with $172.3 million in the first half of …
The Travelers Companies, Inc. announced that Matthew Wilson has been appointed Chief Executive Officer of Travelers Europe, subject to regulatory approval. He has served as Chief Operating Officer of Travelers Europe since 2012. Kevin Smith, President of Travelers International, described …
Brit plc Chief Executive Officer Mark Cloutier said an excess of insurance industry capital will force more executives to sell or merge their companies. Cloutier said Brit’s planned $1.88 billion sale to Prem Watsa’s Fairfax Financial Holdings Ltd., which was …
