An insurance company that acquired and managed syndicates in run-off within Lloyd’s of London
Formed by Nigel Rogers, in partnership with Newlight Partners, RITC was an insurance company that acquired and managed syndicates in run-off within Lloyd’s of London. RITC offered reinsurance-to-close for open syndicate years, which facilitated the release of trapped capital for the original Lloyd’s capital providers and insulated the Lloyd’s Central Fund by injecting incremental capital into Lloyd’s. In 2014, RITC was transitioned from a run-off acquiror to a syndicate (Vibe Syndicate Management) writing “live” business within Lloyd’s of London.
- Status: Realized
- Investment Year: 2007
- Region: Europe