Brit

Former Elementum staffer Kristina Maffit becomes vice president of property reinsurance for Brit Global Specialty Bermuda.

The total is 10 percent more than the $400mn figure Brit disclosed for 2018.

The insurer passed on $17.7mn of major losses to third party investors in 2018.

Fairfax has taken its total share of Brit to 88 percent with the purchase from the Canadian pension fund.

It is understood the hire of Paresh Thakrar is part of a wider push to build out Brit’s third-party capital capabilities.

Richard Slater and Adam Champion have been hired at Brit’s new collateralised reinsurance vehicle Sussex Capital.

Former Catlin Bermuda CEO Graham Pewter joins the board of Brit’s market-facing sidecar.

Former Brit executive Julia Henderson is expected to take on the role of chief underwriting officer at Bermudian start-up Lutece Re, sources told Trading Risk.