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January 9, 2019

Brit invests in managing general underwriter Sutton Special Risk

Specialty re/insurer Brit has made a strategic investment in Sutton Special Risk, a managing general underwriter (MGU) that underwrites accident, health and special risk products.

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How attractive are current investment opportunities in Europe?

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  • Track the M&A and Capital Raising volumes into their target market
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Sutton has a headcount of 40 across Toronto, New York and London. The firm, established in 1978, has been a business partner of Brit for 16 years.

Sutton’s projected premiums for this year stand at more than C$60m ($45.3m).

Brit CEO Matthew Wilson said: “Greg Sutton and his team have built a profitable business with a highly regarded specialist offering, well-established in Canada and now in the US and London.

“This investment is also closely aligned to our strategy of broadening our global distribution network, while Sutton’s 40 year heritage as a leading London Market coverholder also reflects our confidence in our Lloyd’s platform.

“Over the past 16 years we have enjoyed working closely with Greg and his team, and this investment will create new opportunities for both organisations to further develop our collective capabilities for the benefit of our clients.”

The deal is said to align with Brit’s strategy of selective international expansion through niche specialty firms. Financial terms of the deal were not disclosed.

Sutton will continue to hold its operational independence and underwrite as an MGU on behalf of Lloyd’s syndicates and international carriers.

 

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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