Brit makes Sullivan deputy CUO in group restructure
Brit has named Jon Sullivan group deputy CUO and Simon Bird active underwriter of Syndicate 2988 in a wide-ranging restructure that creates six underwriting pillars across the group, The Insurance Insider understands.
Sullivan will take on the new role in addition to his responsibilities as active underwriter of Syndicate 2987. As deputy CUO, he will support group CUO Christiern Dart.
Simon Bird, formerly portfolio director of casualty treaty at Brit, moves to become active underwriter of Syndicate 2988, replacing Nic Forti, who is leaving the business.
Bird will also take on the newly created role of group executive underwriter.
In the restructure, Brit moves away from a divisional set-up to the creation of six underwriting pillars: casualty treaty, property treaty, facilities, specialty, finpro and property – each headed by a managing director.
Matt Wood, divisional director for casualty treaty, becomes managing director for the casualty treaty pillar.
Property treaty will now be headed up by James Winn, who becomes managing director of the segment after holding the role of divisional director for North American property treaty.
Andrew Bowers, divisional director for accident and health, becomes managing director for facilities, while specialist liability divisional director Tom Hillier takes on the managing director role for specialty.
The finpro segment will be headed up by Janet Henderson, who was formerly portfolio director for long-tail insurance. In the reshuffle she will also become a group executive underwriter.
Russell Kennedy will be managing director of the property pillar, which will house property insurance business excluding binders. Kennedy was previously divisional director for global property.
In addition, Joy Ferneyhough has been appointed group chief experience officer, reporting to Dart. She joined the Brit executive committee as of 1 January and is responsible for distribution strategy.
Brit confirmed the restructure to The Insurance Insider.
Group CUO Dart commented: “This restructure allows Brit to be more nimble and agile in the way we do business, focusing on underwriting discipline, performance and product innovation.
“The changes shorten reporting lines and empower our managing directors in their new roles. The restructure also creates better alignment with the distribution methods currently used in the market, so we can work with our broker partners more effectively and ultimately serve our clients better.”
The role changes are subject to regulatory approval.