Brit launches Property D&F in Bermuda
Brit has launched a Property Direct & Facultative (D&F) offering in Bermuda through Brit Re, expanding its footprint in the island’s commercial insurance market. The unit will begin writing U.S. and global Property D&F from January, with an emphasis on complex U.S. risks across sectors including industrial, manufacturing, and realty.
The new operation will be led by Tom Ayton, who has relocated from London. Ayton joined Brit in 2021 and previously held Property D&F underwriting roles at Agora and Markel.
Brit Re Head of Office Jonathan Stephenson said the move reflects a planned expansion of Brit’s Bermuda presence, citing the market’s continued growth and the company’s intention to support the evolving Property D&F segment.
“The commercial insurance market in Bermuda continues to expand and we believe Brit’s brand, financial strength and reputation make it well placed to be part of this. Establishing a Property D&F proposition was a natural and planned strategic next step as we execute our build out of Brit’s presence in Bermuda through Brit Re. We look forward to joining other market participants in supporting this growing segment of Bermuda’s vibrant insurance & reinsurance industry.” – Brit Re’s Head of Office, Jonathan Stephenson.
