Brit hires Michael Carr to lead new US based Cyber Insurance Team

01-03-2017

Brit Ltd (“Brit” or “the Group”) is pleased to announce the launch of a new Cyber and Technology team for Brit Global Specialty USA (“BGSU”), with Michael Carr appointed as Senior Vice President, to lead the offering.

Michael was formerly Technology Practice Leader for Argo Group and has over 30 years of experience in the insurance industry. He is a leading practitioner in the cyber space, having spent the last 14 years focused on underwriting cyber and technology business. For the past three years, he also served as a founding co-chair of the Professional Liability Underwriting Society’s Cyber Symposium.

The launch of a US based Cyber Team will complement and enhance Brit’s current London based platform by offering local expertise and service to meet the growing demand for cyber and technology products in the US SME sector.

Nick Davies, President, Brit Global Specialty Americas commented, ‘’Michael brings a wealth of experience that will enable Brit to capitalize on one of the fastest growing segments in the insurance market today. Michael’s appointment enhances our existing footprint in the broader US casualty market and provides Brit with the expertise to underwrite business locally that would not otherwise make its way to Lloyd’s.’’

Matthew Wilson, Group CEO for Brit added, “As we continue to take advantage of the agility of our US underwriting platform, Cyber and Technology was a next logical step for profitable growth. With a focus on specialty E&S business, our US platform is driving sustainable growth for the Group in our largest and fastest growing market. We are delighted to welcome Michael to Brit.”

Michael will be based in Chicago and will begin writing business in April.