Brit Group Holdings Limited will begin writing property direct and facultative in Bermuda through Brit Re.

The Bermuda reinsurer will write US and global property D&F from January, with a focus on US-based complex risks.

Core appetite will include industrial, manufacturing and realty risks, among other industry verticals.

The new offering will be led by Tom Ayton, vice-president, property D&F, who has relocated from Brit’s London office.

Mr Ayton has been with the Brit group since 2021 and has also held property D&F underwriting roles at Agora and Markel.

Jonathan Stephenson, Brit Re’s head of office, said: “The commercial insurance market in Bermuda continues to expand, and we believe Brit’s brand, financial strength and reputation make it well placed to be part of this.

“Establishing a property D&F proposition was a natural and planned strategic next step as we execute our buildout of Brit’s presence in Bermuda through Brit Re.

“We look forward to joining other market participants in supporting this growing segment of Bermuda’s vibrant insurance and reinsurance industry.”