Brit launches $50mn diamond processing consortium

Brit has launched a Lloyd's consortium for diamond
processing risks, offering capacity of up to $50mn, it announced
today.
The consortium, led by Brit, is the first in Lloyd's
dedicated to diamond processing, the company said.
Craig Dennis, fine art and specie underwriter at Brit Global
Specialty, said the firm believed giving London brokers the ability
to efficiently quote and bind stones with values of up to $50mn
would be a key differentiator in a marketplace that was very much...