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Report: Brit to exit inland marine, yacht, Latin American operations in US

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Report: Brit to exit inland marine, yacht, Latin American operations in US

Brit Ltd. is exiting the inland marine, yacht and Latin American operations of BRIT Global Specialty USA, The Insurance Insider reported.

Thomas Carroll, executive vice president of specialty, and a number of senior underwriters have reportedly left the company after the decision.

The company reportedly said the decision reflects its intention to focus on lines that it considers to have the most significant opportunities for building scale and generating sustainable returns.

Brit will continue to write Latin American and Caribbean business in London and at its other locations.