New branch to focus on excess workers compensation

Bermuda

Brit is set to open a branch office in Bermuda to focus on excess workers compensation reinsurance.

The new office will also underwrite US property catastrophe reinsurance, retrocession and industry loss warranty covers.

Brit has appointed former Markel Bermuda senior vice president Joe Bonnano to head the new office.

Joining Bonnano will be former PartnerRe vice president Julia Henderson, who will now be responsible for bolstering Brit business written from the office.

Brit Global Specialty chief executive Matthew Wilson said: “Opening a branch office in Bermuda will enhance the distribution capability of the group by affording Brit broader access to both casualty and property treaty business.

“We are excited to add Joe and Julia’s significant experience to the Brit team and hope this expansion in our distribution capability will enable us to get closer to both our clients and brokers, offering them products that we do not currently provide in London.”