Reinsurance News
Brit
Brit launches on Acturis to support cyber growth strategy
11th May 2026
Brit Group Holdings Limited (Brit), a specialty insurer, has announced that it is launching on Acturis, a Software-as-a-Service (SaaS) provider for general insurance. Used by over 30,000 brokers, Acturis is a UK-based insurance software company offering a multi-tenant SaaS platform that provides administration, distribution, and underwriting capabilities to insurers and insurance ... Read the full article
Fairfax P&C re/insurance Q1’26 income increases on improved underwriting performance
5th May 2026
Fairfax Financial Holdings Limited has announced its financial result for the first quarter of 2026, reporting net earnings of $695.7 million, compared to the $945.7 million reported in the same period last year. The company’s property and casualty (P&C) insurance and reinsurance operations produced adjusted operating income of $1,213.4 million, up ... Read the full article
Brit launches cargo consortium with capacity of up to $80m
24th March 2026
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 ... Read the full article
SMEs to benefit from Brit’s new cyber product
19th March 2026
Specialty insurer Brit Group Holdings Limited has announced the launch of C360, a new product specially designed for small businesses facing the complex and evolving cyber risk landscape. Offering a simple yet broad coverage, C360 provides full protection for an unlimited number of claims on an any one claim (AOC) basis ... Read the full article
Brit’s profits hit $651.8m in 2025 as Bermuda reinsurance platform expands
27th February 2026
Brit Insurance has disclosed its results for 2025, highlighting profits for the year of $651.8m, an increase of 36.2% from 2024, while insurance premiums written expanded to $3.09bn from $2.98bn. Brit also reported a return on net tangible assets of 28.8% for 2025, up from 25.8% in 2024. The combined ratio after ... Read the full article
Brit renews cyber consortium as risk landscape broadens
29th January 2026
Brit Group has renewed its cyber consortium, Brit Cyber Attack Plus (BCAP), led by Brit Syndicate 2987, which provides clients with comprehensive cyber coverage, including cyber-triggered physical damage and business interruption, under a single underwriting and claims agreement. Created in 2016 to meet the demands of clients looking to broaden cyber ... Read the full article
Brit US HPL Consortium 7882 renewed for 2026 underwriting year
27th January 2026
Specialty insurer Brit Group Holdings Limited has announced the successful renewal of its US Hospital Professional Liability (HPL) Consortium 7882 for the 2026 underwriting year, with maximum capacity of $10 million. The consortium serves US-based hospitals and health systems, bringing capacity for the healthcare market. Capacity of $10 million will continue ... Read the full article
Brit introduces FI Cyber Max Consortium for Financial Institutions
26th January 2026
Brit Group Holdings Limited, a specialty insurer and reinsurer operating across Lloyd’s, the London market and internationally, has announced FI Cyber Max, a new integrated Cyber and Financial Institutions (FI) consortium. Developed to support large and complex financial organisations, FI Cyber Max brings together Brit’s specialist Cyber and FI underwriting teams ... Read the full article
Brit to begin writing Property D&F in Bermuda
8th January 2026
Specialist insurer Brit Group Holdings Limited is set to write Property D&F business in Bermuda through Brit Re, its reinsurance arm, led by Tom Ayton, Vice President, Property D&F. From January, Brit Re will write US and Global Property D&F with a focus on US-based complex risks. The core appetite of the ... Read the full article
Reinsurers must monitor for any T&Cs slippage amid late Jan 1 renewal: Brit’s Sullivan
19th December 2025
Amid a “very late” January 1 renewal this year, reinsurers need to remain vigilant and monitor for any terms and conditions (T&Cs) slippage, according to Jon Sullivan, Group CUO at Brit Insurance. As the market approaches the January 1 deadline, Sullivan describes the current renewal season as very late, noting that ... Read the full article
Brit hires Jane Bioletti from Lloyd’s as Head of Operations
17th December 2025
Global specialty insurer and reinsurer Brit Group Holdings Limited has hired Jane Bioletti from Lloyd's as its new Head of Operations, reporting to Susan Andrew, Operations Director at the firm. Bioletti joined Brit in December from the specialist Lloyd's insurance and reinsurance marketplace, where she most recently served as Head of ... Read the full article
Brit reports 2.1% profit increase in H1’25 despite impact of large cat losses
1st August 2025
Brit Group Holdings Limited posted a profit before tax of $307.7 million for the first half of 2025, up 2.1% from $301.3 million in the same period a year earlier, amid an increased undiscounted combined ratio of 95.2%, up from 80.8%, due to large catastrophe losses that pushed the claims ... Read the full article
Brit establishes new digital underwriting platform for US flood market
25th June 2025
Brit Group Holdings Limited has revealed the launch of Brit Flood, a new digital underwriting platform for the US flood market. Brit explained that the new development is built on its in-house technology platform and can offer instant quotes for primary US residential flood insurance. "Using an API which connects agent’s platforms ... Read the full article
Brit appoints Jonathan Mudd as Active Underwriter for Syndicate 2988
23rd April 2025
Brit Group Holdings Limited has appointed Jonathan Mudd as Active Underwriter for Syndicate 2988. Mudd, who joined Brit in 2003, currently serves as Managing Director for FinPro and Cyber. He will retain this position alongside his new responsibilities as Active Underwriter for Syndicate 2988. Mudd succeeds Simon Bird in the role, having ... Read the full article
Brit Re becomes one of ABIR’s latest members
7th April 2025
Brit Re, the Bermuda-based reinsurance platform of Brit, has joined the Association of Bermuda Insurers and Reinsurers (ABIR), as the organisation’s membership reaches record high. ABIR represents the public policy interests of Bermuda's international re/insurers, and currently has 34 member carriers and three intermediaries in its Broker Advisory Cabinet. The organisation has ... Read the full article
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