Design Highlights
- Brit Group aims to tap into the booming commercial insurance market in Bermuda, focusing on property D&F coverage starting January 2026.
- The strategic entry targets complex U.S.-based risks, particularly in the industrial and realty sectors, to enhance their underwriting portfolio.
- Experienced leadership, with Tom Ayton as Vice President, is expected to guide operations and navigate sophisticated underwriting requirements effectively.
- Brit Re’s strong financial position, backed by an ‘A’ rating from A.M. Best, supports aggressive market entry and risk management strategies.
- The Bermuda market presents unique opportunities for growth, especially in tailored coverage for complex risks often overlooked by underwriters.
Brit Group is making some bold moves in the Bermuda reinsurance market. Yep, they’re diving headfirst into the property direct and facultative scene. It’s not just a whim; this strategic expansion is the next chapter for Brit Group Holdings.
Why Bermuda? Well, the commercial insurance market there is booming, and Brit’s financial strength and brand reputation are set to capitalize on this growth. Who wouldn’t want a piece of that action?
Starting in January 2026, Brit will be writing property D&F coverage. They’re not just playing it safe either. Their main focus is U.S.-based complex risks. You know, the kind of risks that keep underwriters awake at night. It’s a bold strategy, but Brit is clearly positioning itself to thrive. They’re not just dipping their toes; they’re making a splash in a market that’s ripe with opportunity.
Brit is diving into U.S.-based complex risks, making a bold splash in the property D&F market come January 2026.
The industrial sector is on Brit’s radar, with manufacturing risks taking center stage. Realty risks are also in the mix. It’s like a buffet of potential, and Brit is hungry. Their proposition marks a strategic expansion of Brit’s presence in Bermuda.
But they’re not stopping there. The company is looking to diversify beyond these three core areas. That’s right—complex risk specialization is their game. They’re aiming at sophisticated underwriting requirements, which means they’ll be ready to tackle whatever comes their way.
Tom Ayton has been appointed as the Vice President of Property D&F to lead this Bermuda operation. He’s packing his bags and relocating from London. Talk about a career shift! With his background in property D&F underwriting from Agora and Markel, he’s got the chops.
Brit’s counting on his market knowledge to steer the ship through these uncharted waters.
Let’s not forget Brit Re’s capabilities. Established in 2007, this Bermuda-based subsidiary has a Class 4 license from the Bermuda Monetary Authority. That’s not just a fancy title—they’re legit.
With an ‘A’ rating from A.M. Best for financial strength, they’re not just throwing darts in the dark. This portfolio is diversified, covering property, casualty, and specialty business globally. Just as property insurers require liability protection for tenants, reinsurers like Brit must carefully assess coverage limits across diverse risk portfolios.
