Brit Insurance Holdings BV announced the appointment of Dr. Richard Ward as Chairman of the Company and of Brit Syndicates Limited.

Subject to regulatory approval, Ward will assume the position on Feb. 1 when he steps down from his current position as Chief Executive of Lloyd’s.

In a statement announcing the appointment, Mark Cloutier, Brit Group Chief Executive Officer, said:

“Over the past three years we have transformed Brit into a global specialty insurer and reinsurer operating solely through our Lloyd’s of London platform. Richard’s experience and understanding of the global marketplace is second to none and I am extremely pleased he will be bringing his great depth of experience and knowledge to Brit.”

Ward noted that Brit is evolving into a world leader in specialty insurance, adding that he looks forward to forward to playing a part in the continuing international success of Brit.

Source: Brit Insurance Holdings BV