Jacques Bonneau to hitch Brit Re’s board

Brit has introduced the appointment of former chief government officer (CEO) and president of PartnerRe Jacques Bonneau (pictured) as a non-executive director, nonetheless topic to regulatory approval. Bonneau retired from his submit at PartnerRe in March this 12 months.

Bonneau was described as a extremely regarded chief throughout the international re/insurance coverage sector. Different positions he has held in his profession embrace a number of senior government roles at Chubb and senior advisor to the Bermuda Financial Authority (BMA).

“Primarily based in Bermuda, Jacques will convey appreciable expertise, insights, and relationships which will likely be of deep worth to Brit because it embarks on a strategic plan to considerably increase its presence in Bermuda throughout property, casualty, and specialty reinsurance,” acknowledged Brit.

Brit CEO Martin Thompson, in the meantime, expressed his pleasure about having a seasoned reinsurance skilled within the firm.

“We’re delighted to nominate Jaques to the board of Brit Re and consider welcoming a person of his standing within the business displays our intent for Brit in Bermuda. We sit up for benefiting from his experience and community,” he mentioned.

Jon Sullivan, Brit Group’s chief underwriting officer, added: “Constructing out Brit Re to jot down a broader vary of enterprise is a pure subsequent step for us. Bermuda is a dynamic and thriving multi-class re/insurance coverage market and we’re excited concerning the alternative to draw new native specialist expertise to work alongside Brit’s current reinsurance underwriting capabilities in London.”

In the meantime, Brit Re chairman Graham Pewter mentioned: “We welcome Jacques to the Brit Re’s board. His appointment will assist our Bermudian progress ambitions in addition to deepening the board’s expertise and strengthening our governance.”