BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Brit introduces reinsurance platform Sussex Capital


Specialty insurer and reinsurer Brit Ltd. on Wednesday said it is launching Sussex Capital, a Bermuda-domiciled collateralized reinsurance platform.

London-based Brit said in a statement that it has slated a Jan. 1 launch for Sussex with an expected initial capacity of $100 million.

Through Sussex Re, a new Bermuda-domiciled special purpose insurer, Sussex Capital will write direct collateralized reinsurance and collateralized reinsurance for Brit’s reinsurance portfolio, the statement said.

In collateralized reinsurance, the policy limit is fully collateralized with funds held or on deposit, typically alternative or investor capital.

“We are excited to launch Sussex Capital and further enhance Brit’s client and broker proposition with Sussex Re writing direct collateralized reinsurance,” Brit CEO Matthew Wilson said in the statement.



Read Next

  • Brit renews property reinsurance sidecar

    Lloyd’s of London insurer Brit Ltd. said Monday that it has renewed and expanded the collateralized reinsurance capacity provided by special purpose insurer Versutus Ltd. to support Brit’s property treaty portfolio for 2017.