Brit Group Holdings on Friday announced its launch of writing property direct and facultative coverage in Bermuda through Brit Re.
Beginning this month, Brit Re will write U.S. and global property direct and facultative, focusing on U.S.-based complex risks.
Industrial, manufacturing and realty will be a core focus, along with other industries.
Tom Ayton, vice president, property direct and facultative, has moved from Brit’s London office to lead the new offering.
Establishing a property direct and facultative proposition was a planned strategic next step, Brit Re Head of Office Jonathan Stephenson said in a statement.