Brit Makes ‘Significant’ Investment in Toronto-Based MGU Sutton Special Risk

Article 0 Comments Brit Ltd., the London-based specialty insurer and reinsurer, announced it has made a significant strategic investment in Sutton Special Risk Inc. Financial details of the deal were not released. Toronto-based Sutton is a managing general underwriter (MGU), specializing in accident & health business, with over 40 years […]

Brit Partners with Schillings Critical Risk to Create Kidnap-for-Ransom Offering

Article 0 Comments Brit Ltd. announced it is partnering with Schillings Critical Risk to create a comprehensive kidnap-for-ransom offering. Extortion and kidnap for ransom are extreme and endemic risks for individuals and businesses operating in many countries around the world, said Brit, noting that privileged sources and anecdotal evidence show […]

Cloutier to Step Down as Brit’s Exec. Chairman, with Plans to Become CEO of Aspen

Article 0 Comments Brit Ltd. announced that Mark Cloutier will step down from his role as executive chairman of Brit in December 2018. Following his departure, Cloutier will take up a role with an affiliate of Apollo Global Management, LLC, working as a consultant with an immediate focus on the […]

As Underwriting Pain Increases, Insurers Pull Back from Underperforming Lines

Article 0 Comments News that Lloyd’s is undergoing a strategic review of its operations may be part of a larger industrywide phenomenon—reality is setting in and underwriting pain is increasing, an industry executive said last week. Markel Corp. Co-Chief Executive Officer Richie Whitt made the observation during his company’s earnings […]

Brit Names Walker from Marsh as Head of UK Property

Article 0 Comments Brit Ltd. announced it has appointed Neil Walker as head of UK Property. In this role, Walker reports to Tom Hillier, divisional director, Specialist Liability. Walker brings over 20 years’ of experience in the broking industry with a focus on property & casualty. He will be responsible […]