Specialist insurer Brit Group Holdings Limited is set to write Property D&F business in Bermuda through Brit Re, its reinsurance arm, led by Tom Ayton, Vice President, Property D&F.
From January, Brit Re will write US and Global Property D&F with a focus on US-based complex risks.
The core appetite of the new offering will include industrial, manufacturing, and realty risks, among other areas.
Ayton, who has been with Brit since 2021 and has held Property D&F underwriting roles at both Agora and Markel, will relocate to Bermuda from London to lead the offering.
Jonathan Stephenson, Brit Re’s Head of Office, commented: “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. 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.”
