Brit Insurance, the international general insurance group, announces the appointment of four new board directors to its two main underwriting platforms: Brit Insurance Limited and Brit Syndicates Limited.
The four new directors are currently executives within the Brit Insurance Group. Malcolm Beane (Group Chief Operating Officer), Ray Cox (CEO, UK business unit), Jonathan Turner (CEO, Brit Reinsurance and Active Underwriter of Lloyd’s Syndicate 2987) and Matthew Wilson (CEO, Global Markets) join both boards subject to regulatory approval.
Brit Syndicates Limited manages the Group’s wholly aligned Lloyd’s Syndicate 2987 with gross written premium in 2009 of £897.0m. Syndicate 2987 has licences, through Lloyd’s, to write insurance in over 65 territories including the US, and licences to write reinsurance business in these and many other territories.
Brit Insurance Limited’s gross written premium in 2009 was £797.9m. It is the Group’s UK FSA authorised and regulated insurance company and is licensed to write most lines of insurance business in the UK and EEA territories and reinsurance business in these and a number of other territories.
Dane Douetil, Group Chief Executive, commented: “I am delighted to welcome Jonathan, Malcolm, Matthew and Ray to these boards. Their considerable combined experience will be of immense value to meet the increasing challenges facing our industry, including those posed by Solvency II.”
Source : Brit Insurance Press Release
