Brit appoints new head of office, Bermuda

Jonathan Stephenson has been appointed as head of office, Bermuda, at Brit, subject to approval by the BMA and the department of immigration. He will lead Brit in Bermuda, helping to drive its planned expansion of Brit Re across property, casualty and specialty reinsurance.

Brit said that as a full-service reinsurance platform, Brit Re will represent an important new growth pillar for the group and its global reinsurance capabilities, and will complement Brit’s existing successful property reinsurance offering, which writes on behalf of Lloyd’s Syndicate 2987.

Prior to joining Brit, Stephenson was a managing director at Guy Carpenter, based in Toronto. During his 30-year career in reinsurance, Stephenson has been Pacific Region CEO for Guy Carpenter and an executive vice-president at Aon.

Martin Thompson, CEO Brit Group, said: “Jonathan is a highly regarded leader and practitioner within the international reinsurance market and is the ideal candidate as we look to implement and deliver our ambitious Bermuda strategy. With Jonathan in place, we look forward to announcing further appointments to deepen our capabilities on the island that can support our plans for profitable growth across property, casualty and specialty classes. Jonathan is passionate about building businesses and developing high-performance collaborative cultures, making him a great fit for Brit.”

Stephenson added: “Brit has a leading brand and reputation in the market, and the opportunity to help establish a significant Bermuda presence to complement its underwriting expertise in London was compelling. I am excited to be joining and look forward to building a team to take advantage of the increasing opportunities in Bermuda while creating a meaningful long-term presence.”