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Xitus Expands Captive Insurance Focus with Key Acquisition

1/25/2025

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Summary

Story summary

Xitus, a Bermuda-based company, is expanding in the legacy re/insurance sector with a focus on captive insurance.
Founded in 2020 by Andrew Lewis, Xitus recently acquired its minority shareholder, Acumen.
The company has recruited industry veterans to enhance its expertise and service offerings for captive insurers.
Leveraging Bermuda's favorable regulatory environment, Xitus aims to increase its capital and reserves for future growth.

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Story summary

Xitus, a Bermuda-based company, is expanding in the legacy re/insurance sector with a focus on captive insurance.
Founded in 2020 by Andrew Lewis, Xitus recently acquired its minority shareholder, Acumen.
The company has recruited industry veterans to enhance its expertise and service offerings for captive insurers.
Leveraging Bermuda's favorable regulatory environment, Xitus aims to increase its capital and reserves for future growth.