Specialty insurer Brit Group Holdings Limited has launched ‘BRIDGE’, a new cargo consortium offering line capacity of up to $80 million.
According to Brit, the consortium is set to be one of the largest in the cargo market. The insurer explains that BRIDGE will address a range of broker and client needs, providing comprehensive cover and protection for cargo risks around the world.
Jon Sullivan, Chief Underwriting Officer, Brit, commented, “BRIDGE is the latest consortium launched by Brit and another demonstration of leadership across our core classes.
“By bringing together significant capacity, BRIDGE will further deepen the relevance of our market-leading cargo offering for brokers and their clients.”
Louise Crockford, Class Underwriter for Cargo, Brit, added, “This consortium is an exciting development for us as we continue to enhance our cargo offering.
“As the value of insurables in the cargo market grows, and supply chains become ever more complex, BRIDGE will allow us to continue to provide high levels of sophisticated and comprehensive coverage for clients, ensuring that they receive the support they need amid evolving market conditions.”
This new cargo consortium follows the launch of C360, Brit’s new product specially designed for small businesses facing the complex and evolving cyber risk landscape.
