Specialist insurer Brit Group Holdings Limited will underwrite Property D&F business in Bermuda through its reinsurance arm Brit Re, led by Property D&F Vice President Tom Ayton.
Starting in January, Brit Re will underwrite U.S. and global property D&F, focusing on complex risks in the United States.
Core interests for the new product will include areas such as industrial, manufacturing and real estate risks.
Ayton, who has been with Brit since 2021 and previously held real estate D&F underwriting roles at Agora and Markel, will relocate to Bermuda from London to lead the offering.
Jonathan Stephenson, Chief of Staff at Brit Re, commented: “Bermuda’s commercial insurance market continues to expand and we believe that Brit’s brand, financial strength and reputation make it well-positioned to participate. Building a property D&F proposition is a natural and planned next step in our strategy as we expand Brit’s business in Bermuda through Brit Re.
“We look forward to joining other market participants in supporting this growing segment of Bermuda’s vibrant insurance and reinsurance industry.”
