Brit establishes US presence

This new underwriting unit, which is due to commence business shortly subject to Lloyd's and US regulatory approval, will act as a conduit to service business locally on behalf of Lloyd's Syndicate 2987, managed by Brit Syndicates.

Brit Insurance Services (USA) will be headed by Nicholas Davies, formerly of Brit Insurance, who returns after two and a half years at Western Re. Davies will be joined by Andrew Murnieks, currently in Brit Insurance's Global Markets team.

The operation was conceived in