Brit launches $250mn capacity yacht facility

London market carrier Brit will lead a new $250mn capacity
Lloyd's consortium to provide yacht coverage.
The consortium will offer coverage for both motor and sailing
vessels valued at over $10mn through the company's Lloyd's
platform.
Recently appointed Brit CEO Matthew Wilson said marine insurance
remained one of the carrier's core lines and that the new yacht
consortium would enhance its offering in the area.
He said: "Not only does this deliver on our strategy to
build our presence in...