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Brit relocating Gibraltar-based reinsurer to Bermuda

Brit Ltd. is relocating its Gibraltar-based reinsurer, Brit Insurance PCC Ltd., to Bermuda.

The relocation is expected to be completed by the end of 2017, after which Brit Insurance (Gibraltar) will become Brit Reinsurance (Bermuda) Ltd.

Brit Ltd. is a unit of Fairfax Financial Holdings Ltd.