Reinsurance News
Brit
Mark Cloutier to leave Brit with a view to becoming Chairman & CEO of Aspen
1st October 2018
Brit has announced that Executive Chairman Mark Cloutier is to step down from his role in December 2018, with a view to becoming the Chairman and Chief Executive Officer (CEO) of Aspen Insurance Holdings. Following his departure, Cloutier will assume a role with an affiliate of Apollo Global Management, LLC, working ... Read the full article
Despite improvements, remainder of the year will be challenging: Brit CEO
6th August 2018
Specialty insurer and reinsurer, Brit, achieved overall risk-adjusted price increases of 3.5% during the first-half of the year as a result of 2017's major losses. However, the Group's Chief Executive Officer (CEO), Matthew Wilson, expects the remainder of the year to be challenging. Wilson noted the improved rating environment in the ... Read the full article
Brit hires Stephen Quinton as senior Kidnap and Ransom Underwriter
24th July 2018
Brit Ltd, the global specialty re/insurer, has appointed Stephen Quinton as Class Underwriter for Kidnap and Ransom (K&R), effective 3rd September 2018. Quinton joins Brit from Travelers Syndicate Management, where, as Head of Accident & Special Risks for Travelers Syndicate 5000, he managed a team writing a diverse portfolio that included marine ... Read the full article
Brit appoints Tony Medniuk as Chairman of Lloyd’s managing agent
23rd July 2018
London-headquartered insurance group Brit has appointed Tony Medniuk as Non-Executive Chairman of its Lloyd’s managing agent Brit Syndicates, effective September 6. He will succeed outgoing Chairman and ex-Lloyd's Chief Executive Officer (CEO) Richard Ward, who is also stepping down from the Board of Brit. Medniuk was Managing Director and Chief Underwriting Officer ... Read the full article
Brit appoints trio of new Non-Exec Directors to its Boards
15th June 2018
London-headquartered insurance group Brit has announced the appointment of Graham Pewter, Pinar Yetgin and Andrea Welsh to its various Boards as Non-Executive Directors (NED). Andrea Welsch joins as NED to the Boards of Brit and Brit Syndicate. She has held a number of re/insurance sector leadership roles in Lloyd’s, North America ... Read the full article
Brit names Michael Gould as new Chief Operating Officer
12th June 2018
Brit Ltd, the global specialty re/insurer, has announced the appointment of Michael Gould as its new Chief Operating Officer (COO). Gould has more than 35 years’ experience in senior operational roles, and joins Brit from Lloyd’s syndicate Talbot Underwriting, where he also served as COO, and was responsible for improving responsiveness ... Read the full article
Brit Global Specialty USA expands Professional Liability team
31st May 2018
Brit Global Specialty USA (BGSU) has expanded its Professional Liability team with the appointments of Tom Rea as Senior Vice President, Miscellaneous Professional Liability, and Jim Kelly as Assistant Vice President, Construction Professional. Rea will now be responsible for writing miscellaneous professional liability for U.S domiciled companies through wholesale intermediaries, and ... Read the full article
Neil Walker joins Brit from Marsh as Head of UK Property
16th March 2018
UK insurer and reinsurer Brit Ltd has announced that Neil Walker has joined the company as its new Head of UK Property, effective from February 12th, 2018. In his new role, Walker reports to Tom Hillier, Divisional Director, Specialist Liability, and is responsible for managing and expanding Brit’s UK Property offering, ... Read the full article
Brit expands and renews Versutus sidecar for 2018
14th February 2018
Brit has announced the fourth annual renewal and continued expansion of its Versutus 2018 sidecar, the vehicle now boasts $187 million of invested capital. Versutus offers access to Brit’s underwriting franchise through two sub series, one covering worldwide property catastrophe reinsurance business and the other covering North American property binders. The renewal ... Read the full article
Brit Global Specialty USA expands Marine division
12th February 2018
Brit Global Specialty USA (BGSU), a division of Brit Ltd, has announced the appointment of both Marc Robinson and Yasuaki Saegusa to its Marine business, effective February 5th, 2018. Robinson joins the firm from Falvey Yacht Insurance, where he was the lead underwriter on all new and renewal business for yachts up ... Read the full article
Brit names Christopher Ballantyne as Vice President of Delegated Claim Authority
7th February 2018
Brit has named Christopher Ballantyne as Vice President of Delegated Claim Authority set to head up the oversight and performance management of Brit's North American claims service providers and support Brit’s London-based claims team. In his new role, Ballantyne will report to Mike Barry, Head of Short Tail Claims. Matthew Wilson, Chief Executive ... Read the full article
Brit launches collateralised reinsurance platform in Bermuda, adds Jay Nichols to Board
13th December 2017
Specialty global insurer and reinsurer, Brit, has announced that Jay Nichols has joined the Board of its new Bermuda-based collateralised reinsurance platform, Sussex Capital. Through Sussex Re, Sussex Capital is a newly created special purpose insurer based in Bermuda, that will underwrite direct collateralised reinsurance, while providing collateralised reinsurance to Brit's ... Read the full article
Brit to relocate reinsurer from Gibraltar to Bermuda
7th December 2017
Specialty insurance and reinsurance firm Brit Ltd. is to relocate its Gibraltar domiciled reinsurer Brit Insurance (Gibraltar) PCC Limited, to Bermuda. After the process of moving the reinsurer's domicile is complete, Brit said that its Brit Insurance (Gibraltar) company will be renamed to Brit Reinsurance (Bermuda) Limited (Brit Re). Matthew Wilson, Brit, ... Read the full article
Brit launches specialty platform Scion, hires Scott Brock as President
27th November 2017
Brit Group has named Scott Brock, who joins from Advocate Reinsurance Partners, as President of newly formed specialty platform Scion Underwriting Managers. Brock will be responsible for managing the specialty platform - which will partner with Brit, other markets, and third party capital to support the insurance needs of select industries. Matthew ... Read the full article
Brit hires Liening from Aspen for excess casualty underwriting
22nd August 2017
Insurance and reinsurance group Brit Ltd. has hired Jonathan Liening from Aspen Insurance to the role of Senior Vice President, Excess Casualty in its Brit Global Specialty USA unit. Liening joins Brit following four and a half years with Aspen Insurance. He has more than ten years of experience writing primary ... Read the full article
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