Brit Global Specialty

Brit is a leading global specialty insurer and reinsurer focused on underwriting complex risks. We have a keen appetite for leadership; leading - or acting as a second agreement party - on approximately 63% of the business we write.

The way we approach insurance challenges sets us apart

We have a long and successful track record of leading an extensive range of insurance and reinsurance programmes, based on rigorous risk selection and a disciplined approach to underwriting. We hire the best people and develop their skills. Combining technical expertise with industry knowledge, we listen, we share and we collaborate – to create best-in-class insurance solutions for our clients.

We are an influential and respected presence at Lloyd’s of London and, in Syndicate 2987, we have one of the largest and most diverse portfolios.

Through Syndicate 2988, Versutus and Sussex Re, we provide over $400m of additional underwriting capacity. These underwriting platforms, backed by a diversified source of capital, reflect our desire to increase our flexibility, improve our relevance to clients and brokers and reinforce the long-term relationships we have in the market.

Brit Global Specialty Bermuda complements our distribution network and is a key step in developing Brit's global offering. The office will focus on underwriting excess workers compensation reinsurance as well as US property catastrophe reinsurance, retrocession and ILW's covers.

Our team is highly experienced at both senior and adjuster levels, and has successfully managed claims arising from some of the market’s most challenging events. We know when to fast track the simple things – and how best to address more complex issues.

Our claims professionals work closely with our underwriters. It’s this collaborative approach that gives us real insight into the risks that our clients face, enabling us to tailor our responses appropriately.

During 2017 our claims team managed over $1.2bn in reserves on claims and dealt with catastrophe claims of over $500m earning a reputation for honouring our commitments swiftly and fairly.

Lloyd's is proposing to transfer certain EEA insurance policies to Lloyd's Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd's Brussels will become the insurer and Data Controller in respect of the transferred policies.

Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at

The FCA has taken legal action in order to provide policyholders and businesses with clarity on the circumstances in which an insurance policy will provide cover for a business interruption claim resulting from the coronavirus pandemic. The test case only looked at policy wordings that do not require damage to the insured business premises.

For more information please click here