Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Brit grows Versutus sidecar to $187mn

  • Catrin Shi 14 February 2018
  • Brit has expanded the size of its Versutus sidecar from $150mn to $187mn for 2018, it announced today.

    The carrier's total managed capacity across Versutus, its recently launched collateralised vehicle Sussex Capital and Syndicate 2988 is now over $400mn, it said.

    Brit launched Bermuda-domiciled Versutus in January 2015 to provide collateralised capacity to support its property treaty portfolio.

    Versutus offers investors access to Brit's underwriting franchise through two sub series, one covering worldwide property catastrophe reinsurance business and the other...

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