Jacques Bonneau to join Brit Re's board

Jacques Bonneau to join Brit Re’s board | Insurance Business America

Reinsurance

Jacques Bonneau to join Brit Re’s board

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 a non-executive director, still subject to regulatory approval. Bonneau retired from his post at PartnerRe in March this year.

Bonneau was described as a highly regarded leader within the global re/insurance sector. Other positions he has held in his career include several senior executive roles at Chubb and senior advisor to the Bermuda Monetary Authority (BMA).

“Based in Bermuda, Jacques will bring considerable experience, insights, and relationships which will be of deep value to Brit as it embarks on a strategic plan to significantly expand its presence in Bermuda across property, casualty, and specialty reinsurance,” stated Brit.

Brit CEO Martin Thompson, meanwhile, expressed his excitement about having a seasoned reinsurance professional in the company.

“We are delighted to appoint Jaques to the board of Brit Re and believe welcoming an individual of his standing in the industry reflects our intent for Brit in Bermuda. We look forward to benefiting from his expertise and network,” he said.

Jon Sullivan, Brit Group’s chief underwriting officer, added: “Building out Brit Re to write 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 are excited about the opportunity to attract new local specialist 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’s board. His appointment will support our Bermudian growth ambitions as well as deepening the board’s experience and strengthening our governance.”