Brit PLC ("Brit" or "the Group"), the global specialty insurer and reinsurer, today announces the appointment of Matthew Wilson as Group Deputy CEO and Chief Underwriting Officer effective immediately. In his new role, Matthew will work closely with Mark Cloutier, Group CEO of Brit PLC to continue the development of Brit as a leading global specialty (re)insurer.
Mark Cloutier, Group CEO of Brit PLC, said: "Matthew has been with Brit for over 15 years and is the ideal candidate to work alongside me to drive the business forward in the next chapter of the Brit story. Matthew's underwriting acumen and commercial instincts have been central to the strategic and financial progress that we have made in recent years as well as to the excellent set of results that we announced today."
Richard Ward, Group Chairman of Brit PLC, added: "Having run our successful underwriting franchise for a number of years, building an exceptional depth of talent in the process, I believe Matthew has a unique combination of market and institutional knowledge and experience to provide strategic direction to our business and to continue to deliver profitable growth."
Matthew began his career with Lloyd's in 1988 and joined Brit Insurance in 1999 to establish the International Property Division. He was appointed as CEO of Brit Global Markets in May 2008 which subsequently became Brit Global Specialty in February 2012, combining the reinsurance and global markets divisions to form one Lloyd's platform. Matthew became a member of the Executive Management Committee in January 2009.