Current market conditions favorable for Brit’s growth aspirations
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Jon Sullivan, group deputy chief underwriting officer at U.K.-based insurer and reinsurer Brit Ltd., said that the current market conditions look positive for the company’s growth aspirations, mainly on short tail lines, Reinsurance News reported. Mr. Sullivan added that improving terms on cedants’ portfolios, backed by price and structural changes on their reinsurance purchases, are putting the insurer’s portfolio in a much stronger position.
