Brit has launched a fresh source of funding for marine and other speciality insurance lines at the Lloyd’s of London market.
Bermuda-registered Brit has set up the first insurance-linked securities fund — the Sussex Specialty Insurance Fund — to source capital from institutional investors to back its Lloyd’s Syndicate 2988.
The speciality insurer and reinsurer acts as managing agent for Syndicate 2988, drawing in capital to back its activities across a wide range of speciality lines.
