Brit Group Holdings has announced the launch of Bridge, a new cargo consortium underwriting risks across the global market.

The consortium will offer cargo line capacity of up to US$80m, placing it among the larger structures in the sector. The move comes as insured values rise and supply chains grow more complex, increasing demand for broader protection.

Jon Sullivan, chief underwriting officer at Brit, said: “Bridge is the latest consortium launched by Brit and another demonstration of leadership across our core classes. By bringing together significant capacity Bridge will further deepen the relevance of our market-leading cargo offering for brokers and their clients.”

Louise Crockford, class underwriter, cargo at Brit, added: “This consortium is an exciting development for us as we continue to enhance our cargo offering. As the value of insurables in the cargo market grows, and supply chains become ever more complex, Bridge will allow us to continue to provide high levels of sophisticated and comprehensive coverage for clients, ensuring that they receive the support they need amid evolving market conditions.”

The launch reflects continued use of consortium structures to pool capacity and address evolving exposures in global trade.

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