Brit’s new head of strategy joins the insurer from the Boston Consulting Group

Paolo Cuomo has joined Brit as its new head of strategy.

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Cuomo was formerly a principal at Boston Consulting Group (BCG), working with London market insurers in the advisory firm’s commercial insurance practice.

At Brit he will report to Mark Allan, the insurer’s chief financial officer.

Based in London, Cuomo will manage “Brit’s engagement with, and response to, the Future at Lloyd’s initiative, announced in May 2019”, the insurer said.

“He will work to ensure Brit is best positioned to respond and input into Lloyd’s and the London Market Association’s future strategy and vision for the market,” Brit added.

During his decade at BCG he also co-authored the London Matters report in 2017, having co-founded InsTech London, the world’s largest insurtech industry body. 

Before BCG Cuomo spent three years as chief operating officer of Charles Taylor Managing Agency, and five years as a member of the Beazley’s operations leadership team, responsible for project, programme and data management.

“We are excited to announce the appointment of Paolo to the newly created head of strategy role, demonstrating our commitment to ensuring Brit is at the forefront of the Future at Lloyd’s initiative,” said Matthew Wilson, Brit’s CEO. 

“Paolo’s experience and extensive relationships within the London market will be crucial in cementing Brit’s position as an innovative and market-leading player,” continued Wilson. 

“As a leading member of the global insurtech community with a passion for innovation in insurance, Paolo is an example of the standout talent which we continue to welcome to the Brit team,” he added.