The Brit insurance group has said its US arm will continue to provide cover for smaller yachts following TradeWinds' exclusive story that its Lloyd’s syndicate would pull out of the market as part of a shake-up of its marine business.
Brit Global Specialty will continue to provide yacht insurance through Brit Global Specialty USA (BGSU).
Nick Davies, president of BGSU, said in a statement that BGSU is involved in a different type of market than its Lloyd's syndicate.
