Brit makes strategic investment in Ambridge Partners LLC
Brit Limited (‘Brit’), the global specialty insurer and reinsurer, is pleased to announce that it has made a significant strategic investment in Ambridge Partners LLC (‘Ambridge’), one of the world’s leading managing general underwriters of Transactional Insurance products and a key trading partner of Brit for the past nine years.
Kent Stepanishen to lead new US Inland Marine team
Brit Ltd (“Brit” or “the Group”), the global specialty insurer and reinsurer, is pleased to announce the appointment of Kent Stepanishen as Senior Vice President to launch a new Inland Marine team for Brit Global Specialty USA.
Brit PLC names Matthew Wilson as Group Deputy CEO
Brit PLC ("Brit” or "the Group"), the global specialty insurer and reinsurer, today announces the appointment of Matthew Wilson as Group Deputy CEO and Chief Underwriting Officer effective immediately.
Rule 2.10 Announcement
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers (the "Code"), Brit confirms that as at the close of business on 15 February 2015 it had 400,452,960 ordinary shares of 1 pence each in issue and admitted to trading on the main market of the London Stock Exchange under the International Securities Identification Number ("ISIN") GB00BKRV3L73. No shares are held in Treasury.
Brit partners with new special purpose vehicle
Brit PLC (“Brit” or “the Group”), the global specialty insurer and reinsurer, today announced that a new Bermuda domiciled special purpose reinsurer, Versutus Ltd, has been created to provide collateralised capacity support for Brit’s property treaty portfolio for 2015.