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Brit Insurance welcomes an OBE

Brit Insurance welcomes an OBE | Insurance Business

Brit Insurance welcomes an OBE

It’s not every day a company can boast about adding an OBE to its ranks.

However, that privilege now falls on Brit Ltd, which has swooped for Michael Wade OBE to work in the capacity of independent strategic consultant.

Wade is set to advise the management team at Brit across a host of areas – and also serve as an ambassador for the group. He brings with him more than 40 years of experience including serving as the Crown Representative for Insurance at the Cabinet Office, and advising the UK Government on projects including Pool Re and Flood Re.

“It is an exciting time for Brit as it cements its position not only as a market leader, but a firm at the forefront of driving innovation across the insurance industry,” Wade said. “I look forward to working closely with the senior team as Brit continues to reinforce its position as one of the leading firms operating in the Lloyd’s market.”

With Wade having additional experience serving former Chancellors of the Exchequer on the ILS markets, and as a senior advisor to the Cabinet Office, his appointment was also met with a warm welcome by group CEO Matthew Wilson.

“Michael is a highly regarded figure in the insurance market and he will bring important insight, experience and expertise as an independent consultant,” said Wilson. “Despite the disruption COVID-19 is causing, Brit has made strong strategic progress recently, including the launch of Ki, the first algorithmically traded syndicate. We look forward to working closely with Michael to capitalise on the momentum we have further to build on our established leadership positions.”