Brit strikes $380mn loss portfolio transfer deal with RiverStone
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Brit strikes $380mn loss portfolio transfer deal with RiverStone

Rachel Dalton
November 18, 2021
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Brit has completed a loss portfolio transfer (LPT) agreement with RiverStone International, primarily for legacy years of account for select classes of business written by Syndicate 2987, for liabilities of around $380mn.

RiverStone Syndicate 3500 will indemnify Brit against any potential adverse development in respect of the net liabilities and assume all claims handling responsibility for the transferring business.

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