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Brit combines US business insurance business



Brit Ltd. said Tuesday that it is combining its US service company, Brit Global Specialty USA, and its CEO, Ambridge Partners LLC. as Ambridge Partners, will create an MGA that manages more than $ 450 million in premiums in the United States and more than $ 110 million in premiums written by Ambridge International subsidiaries.

Ambridge will operate through three segments, Brit said: Ambridge Transactional, which will include responsibilities for board members and executives, intellectual property liability, representations and guarantees, emergency preparedness and tax; Ambridge Specialty, which will include cyber responsibility, surplus, general responsibility, professional lines, construction professional and non-profit non-profit organization; and Ambridge Re, which will consist of accident reinsurance, political violence and optional reinsurance.

Jess Pryor will lead Ambridge as CEO, while continuing in his role as chairman of the Dallas-based Scion Underwriting Managers, which remain an independent MGA business, Brit said.

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