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Brit launches Lloyd’s of London insurance-linked securities fund

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By Reuters
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LONDON (Reuters) – Specialty insurer Brit Ltd, owned by Canadian insurer Fairfax Financial Holdings <FFH.TO>, on Monday said it had launched the Sussex Specialty Insurance Fund, the first such insurance-linked securities fund on the Lloyd’s of London market.

Sussex Capital is Brit’s Bermuda-based investment manager offering ILS products to institutional investors, something the broader Lloyd’s market has been slow to adopt.

(Reporting by Simon Jessop; editing by Carolyn Cohn)