Brit Group Holdings Ltd. announced it will begin writing property direct & facultative business in Bermuda through Brit Re.
This will see Brit Re write US and Global Property D&F from January, with a focus on US-based complex risks. Core appetite will include industrial, manufacturing and realty risks, among other industry verticals.
The new offering will be led by Tom Ayton, vice president, Property D&F, who has relocated from Brit’s London office. Ayton has been with the Brit group since 2021 and has also held property D&F underwriting roles at Agora and Markel.
“The commercial insurance market in Bermuda continues to expand and we believe Brit’s brand, financial strength and reputation make it well placed to be part of this,” commented Jonathan Stephenson, Brit Re’s head of Office.
“Establishing a property D&F proposition was a natural and planned strategic next step as we execute our build out of Brit’s presence in Bermuda through Brit Re. We look forward to joining other market participants in supporting this growing segment of Bermuda’s vibrant insurance & reinsurance industry,” Stephenson added.
About Brit
Brit has a major presence in Lloyd’s of London, the world’s specialist insurance market provider, with significant US and international reach. Brit underwrites a broad class of commercial specialty insurance with a strong focus on property, casualty and energy business. Brit is a subsidiary of Fairfax Financial Holdings Ltd.
Topics New Markets Property
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