Brit scales back Sussex Capital as it shutters Diversified Fund
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Brit scales back Sussex Capital as it shutters Diversified Fund

Liz Bury
17 October 2023
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Brit has scaled back its Bermuda-based ILS platform Sussex Capital after a decision was taken to shutter the Sussex Diversified Fund, following closure of its Versutus sidecar as of 1 January this year, this publication can reveal.

It is understood that conversations are ongoing about the future of the Sussex Specialty Fund, which was established in 2019 to support Brit’s Names-backed Lloyd’s Syndicate 2988.

The

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