Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

23 April 2018

Search archive

Brit expands Versutus sidecar to $110mn

9 January 2017

Brit has expanded the capacity from its Versutus sidecar by a third to $110mn for 2017, it announced today.

The Bermuda-domiciled special purpose insurer raised $82.5mn of capital last year but has secured further funds from existing and new investors for this year.

Versutus will continue to provide collateralised reinsurance support for Brit's property treaty portfolio for 2017.

Jon Sullivan, head of short-tail reinsurance at Brit, said the sidecar would offer continued access to Brit's underwriting capabilities and diversified distribution...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.