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
d and we believe Brit's brand, financial strength and reputation make it well p
laced 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 strategy
Next step as we execute our build out of Brit’s presence in Bermuda through Brit Re.
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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
ance market provider, with significant US and international reach. Brit un
derwrites a broad class of commercial specialty insurance with a str
bee focus on property, casualty and energy business. Brit is a subsidiary of Fairfax Financial Holdings Ltd.