Brit has announced the appointment of David Cary as deputy head of property treaty for its Bermuda operations to mark the expansion of its leadership team in the reinsurance sector.
With a background that spans nearly two decades in the reinsurance industry, Cary transitions to Brit after a tenure as underwriting manager and head of property & casualty for QBE Re in Bermuda.
His prior experience also includes roles at Swiss Re and Willis Re.
Educationally, Cary holds an MBA in Finance and International Business from the UNC Kenan-Flagler Business School, with additional finance and international business studies at IE Business School. His academic repertoire also includes a semester abroad in Madrid and an undergraduate degree in Religious Studies and Music from the University of Virginia.
In his new position, Cary will report directly to Kristina Maffit, head of property treaty Bermuda.
Jon Sullivan, group chief underwriting officer at Brit, expressed confidence in Cary’s ability to enrich the company’s property treaty platform. He also emphasized Cary’s extensive experience in Bermuda’s underwriting landscape as a key asset in strengthening Brit’s operational presence and capabilities on the island.
“David will strengthen our well-established property treaty offering, which brings together our Bermuda and London teams as one platform for the benefit of our clients,” Sullivan said. “Having held senior underwriting roles in Bermuda for a number of years, David’s appointment will help deepen our presence and capabilities on the Island as we look to evolve and grow in property treaty and we look forward to benefiting from David’s technical expertise and experience of developing profitable reinsurance portfolios.”
Elsewhere, the firm’s reinsurance operations, Brit Re, recently maintained its financial strength ratings from AM Best.
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