Brit eyes Bermuda expansion with former PartnerRe CEO
Lloyd’s re/insurer Brit is eyeing expansion in Bermuda in property, casualty, and specialty reinsurance lines by bringing on board the expertise of former PartnerRe CEO.
Former PartnerRe CEO and president will take a board seat as a non-executive director of Brit Re, as part of the company’s growth plans in Bermuda.
Jacques Bonneau (pictured) has been appointed to the Brit Re board.
Bonneau joins Brit after retiring as CEO and president of PartnerRe in March. He was previously a senior advisor to the Bermuda Monetary Authority (BMA) and chairman of Chubb Tempest Re.
Martin Thompson, CEO Brit Group, said: “We are delighted to appoint Jaques to the board of Brit Re and believe welcoming an individual of his standing in the industry reflects our intent for Brit in Bermuda. We look forward to benefiting from his expertise and network.”
Jon Sullivan, group chief underwriting officer, added: “Building out Brit Re to write a broader range of business is a natural next step for us. Bermuda is a dynamic and thriving multi-class (re)insurance market and we are excited about the opportunity to attract new local specialist talent to work alongside Brit’s existing reinsurance underwriting capabilities in London.”
Graham Pewter, chairman of Brit Re, said: “We welcome Jacques to the Brit Re board. His appointment will support our Bermudian growth ambitions as well as deepening the board’s experience and strengthening our governance.”
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