Brit names new CEO as Wilson steps down for health reasons

London-based insurer and reinsurer Brit Ltd., a unit of Fairfax Financial Holdings Ltd., on Monday named Martin Thompson as group CEO with immediate effect, succeeding Matthew Wilson, who had been on health leave since September 2021.

Mr. Thompson, who was appointed interim CEO during Mr. Wilson’s leave of absence, was also named executive chairman of Ki, Brit’s digital Lloyd’s of London syndicate.

Prior to joining Fairfax last year, Mr. Thompson was president and CEO of RSA Canada.

Mr. Wilson will continue to work within Fairfax Financial as an executive advisory director. He has served as Group CEO since 2018 and joined Brit in 1999.

“It is an honor to succeed Matthew as CEO,” Mr. Thompson said in a statement.