Markets/Coverages: Brit Launches Cargo Consortium With up to $80M of Capacity

Brit Group Holdings Ltd., the London-based specialty re/insurer, announced the motorboat of “BRIDGE,” a caller cargo consortium.

The consortium, which volition beryllium 1 of the largest consortiums successful the cargo market, is present penning concern and offers cargo enactment capableness of up to US$80 million.

Amid ever-growing insurable values, BRIDGE volition code a wide scope of broker and lawsuit needs providing broad screen and extortion for cargo risks astir the globe, Brit said.

“BRIDGE is the latest consortium launched by Brit and different objection of enactment crossed our halfway classes. By bringing unneurotic important capableness BRIDGE volition further deepen the relevance of our market-leading cargo offering for brokers and their clients,” commented Jon Sullivan, main underwriting serviceman astatine Brit, successful a statement.

“This consortium is an breathtaking improvement for america arsenic we proceed to heighten our cargo offering. As the worth of insurables successful the cargo marketplace grows, and proviso chains go ever much complex, BRIDGE volition let america to proceed to supply precocious levels of blase and broad sum for clients, ensuring that they person the enactment they request amid evolving marketplace conditions,” according to Louise Crockford, people underwriter, Cargo, astatine Brit.

A subsidiary of Fairfax Financial Holdings Ltd., Brit underwrites a wide people of commercialized specialty security with a beardown absorption connected property, casualty and vigor business. Its capabilities are underpinned by robust financials.

Source: Brit Group Holdings

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