Brit US Cat exposure plummets, sidecar plan on hold
Lloyd’s and UK company (re)insurer Brit has disclosed that its exit of catastrophe retro business is almost complete, along with significant reductions in its Property reinsurance, US Direct property and offshore energy aggregates.
The firm also said that its previously-announced plans to open a retro-only sidecar vehicle have been put on ice until 2007 due to insufficient investor interest.
In its 1st half results Brit unveiled
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