Jacques Bonneau joins the board of Brit Re | Insurance business America
The move is part of the expansion of its Bermuda presence
reinsurance
By Noel Sales Barcelona
Brit has announced the appointment of former Chief Executive Officer (CEO) and President of PartnerRe Jacques Bonneau (pictured) as non-executive director, pending regulatory approval. Bonneau retired from his position at PartnerRe in March this year.
Bonneau has been described as a highly respected leader in the global re/insurance sector. Other positions he held throughout his career included several senior leadership roles at Chubb and senior advisor to the Bermuda Monetary Authority (BMA).
“From Bermuda, Jacques will bring significant experience, insight and relationships that will be of great value to Brit as the company embarks on a strategic plan to significantly expand its presence in Bermuda in property, casualty and specialty reinsurance Brit explained.
Meanwhile, Brit CEO Martin Thompson expressed his excitement at having an experienced reinsurance professional at the company.
“We are pleased to appoint Jaques to the board of Brit Re and believe the addition of a figure of his stature in the industry reflects our intent for Brit in Bermuda. We look forward to benefiting from his expertise and network,” he said.
Brit Group Chief Underwriting Officer Jon Sullivan added: “Expanding Brit Re to underwrite a broader range of business is a natural next step for us. Bermuda is a dynamic and thriving multi-class re/insurance market and we welcome the opportunity to attract new local talent to work alongside Brit’s existing reinsurance underwriting capabilities in London.”
Meanwhile, Brit Re chairman Graham Pewter said: “We welcome Jacques to the Brit Re board. His appointment will support our growth ambitions in Bermuda, deepen the board’s experience and strengthen our governance.”
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2024-06-28 13:30:00
www.insurancebusinessmag.com
