Changes include introduction of new underwriting forum, creation of two new claims divisions and appointment of three new execs
Brit Insurance Holdings has announced a group restructure. The key components are:
• The introduction of an independent Underwriting Advisory Forum;
• The creation of two dedicated claims functions for the UK Division and the Global Markets/Reinsurance divisions; and
• The appointment of a CEO for each of Brit Insurance’s strategic business units.
Brit said the Underwriting Advisory Forum will act as an independent body and strategic underwriting advisory to Senior Management and The Board.
Brit Insurance’s claims function has been divided in to two specialist units. Stephen Roberts will head the UK claims department and Paul Sewell will head the global markets and reinsurance claims department.
The current divisional heads of Brit Insurance’s three market-facing underwriting centres assume new roles as chief executive officer of their respective business units: Mike Sibthorpe – global markets (previously called London Market); Jonathan Turner – Brit Reinsurance; and Peter Burrows – Brit UK.
Dane Douetil, chief executive officer, Brit Insurance Holdings, commented: “Brit Insurance has undergone a sustained period of growth and transformation in the last five years. These changes to our corporate structure are designed to help the Group continue its growth efficiently and profitably. We are entering a new phase in our evolution and these measures will help us better to meet the needs of our broking partners, customers and employees.
