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Brit makes 'significant' investment in managing general underwriter

Brit Ltd. said it made a "significant" strategic investment in Toronto-based Sutton Special Risk Inc., a managing general underwriter specializing in accident and health business.

Sutton Special Risk has projected premiums of over C$60 million for 2019. It is a Lloyd's of London coverholder and "an important trading partner" for Brit for the past 16 years.

The company will continue to underwrite as a managing general underwriter for its existing panel of Lloyd's syndicates and international carriers, operating from its offices in Toronto, New York and London.

Brit is a unit of Fairfax Financial Holdings Ltd.