Brit

Brit Reinsurance (Brit Re) is a Bermuda-based reinsurer that provides treaty coverage for global property and casualty risks. It operates as part of Brit Group, focusing solely on reinsurance through both internal group contracts and select third-party partnerships.

History of Brit Reinsurance

Brit Re began in 2007 as a Gibraltar-based reinsurer focused on property and casualty treaties. It later moved its headquarters to Bermuda and secured a Class 4 license.

Over the years, it grew as part of Brit Group, now owned by Fairfax. Here are more events that have shaped Brit Reinsurance’s growth and role in global reinsurance include:

• 2009: launched a Chicago office to support Lloyd’s Syndicate 2987 in North America
• 2015: Brit Group was acquired by Fairfax Financial Holdings, gaining a stronger financial parent
• 2020: expanded into casualty treaty reinsurance and supported Sussex Capital’s ILS platform
• 2024: Jacques Bonneau, former PartnerRe CEO, joined as non-executive director
  • appointed Jonathan Stephenson to lead the Bermuda office and grow treaty operations
  • shifted focus to third-party reinsurance across property, casualty, and specialty lines

The company is also expanding beyond group-only deals. It is now growing third-party partnerships while keeping strong capital.

Brit Re joined Bermuda’s ABIR in 2025, the island’s leading reinsurance association. Its Bermuda head, Jonathan Stephenson, was also named to ABIR’s board of directors.

Reinsurance products and services

Brit Reinsurance offers a focused mix of treaty reinsurance solutions across property and casualty lines. Its global reach includes teams in London, Bermuda, and the US that support long-term broker relationships:

Brit Global Specialty

• casualty treaty: underwrites proportional and non-proportional casualty lines worldwide, leading about half of placements
• property treaty: offers catastrophe and risk excess of loss, with up to $100 million line size capacity

Brit Re

• casualty treaty Bermuda: delivers quota share and excess of loss for general, financial, professional, and cyber risks
• property treaty Bermuda: focuses on North American catastrophe excess of loss with bespoke solutions and modeling

Brit Reinsurance continues to build strength in treaty reinsurance across its platforms. Its ability to lead in London and support deals from Bermuda make it a preferred market for brokers.

Culture and core values

Brit Reinsurance upholds a culture rooted in achievement, guided by four core pillars:

1. manage risk to reward: balance risk-taking with thoughtful control to boost outcomes
2. deliver on commitments: stand by promises and expect the same from others 
3. live the Brit ethos: maintain a unique and clear identity in how people work together
4. focus to maximize results: direct energy where it matters most to perform at a high level

The team supports open communication and welcomes ideas that help improve how people work together. New thinking, shared effort, and steady progress are encouraged at every level.

Workplace environment and benefits

Brit Re supports a friendly place to work where people connect, give back, and grow. It promotes volunteering, social time, and real purpose in how teams show up each day. They also provide staff with:

• inclusive culture: welcoming mindset and open doors for everyone
• health and well-being: support focused on personal care and mental balance
• career growth: real paths to thrive professionally and build strong futures
• ethics and sustainability: choices shaped by care for people and the planet
• collaborative innovation: future-driven teamwork across regions and skill sets
• brand strength: trusted name with deep industry roots
• graduate careers: entry points for students and seasoned professionals alike

The company empowers its people to shape how risk is managed and progress is made. Brit Reinsurance teams work with confidence, ready for what’s ahead.

Inclusion and diversity

Their ongoing inclusion efforts are shaped by lived experiences, supported by specific actions and programs:

• employee-led dialogue: open talks on identity, race, and belonging
• story sharing: space for lived experience and personal voice
• inclusive campaigns: events tied to Pride and Black History Month
• fairness tracking: active review of gender pay data
• real priority: business-wide push for diversity accountability

Brit Reinsurance believes people thrive when they can be themselves every day. That belief drives everything.

The future at Brit Reinsurance

The company is expanding as a multi-line reinsurer across property and casualty treaty markets. It continues to build outside Lloyd’s, with leadership focused on stable growth and pricing discipline. Casualty reinsurance, especially in the US, remains a key part of its future plans.

Laura Gadsdon, SVP of Casualty Treaty at Brit Re, earned a spot in Elite Women 2025. As one of the recognized leaders, she drives change by growing products and pushing new ideas in reinsurance. Brit Reinsurance backs strong leaders who guide the market with clear goals and focus.