These are busy times for insurer Brit, with the firm announcing a double change this morning.
Soon to arrive at the firm will be Tony Medniuk, who is set to take the role of non-executive chairman of Brit Syndicates Limited from September 06. Medniuk has been part of the board of Brit Syndicates since November 2011 but is now set to replace Richard Ward, who will also be stepping down from the board.
In a release announcing Medniuk’s elevation, Brit touted his “established track record of leading underwriting businesses” noting he was the chair of the IUA and a founding member of the London Insurance Market Reform Group, as well as managing director and chief underwriting officer of British Aviation Group.
Welcoming Medniuk to the role, Mark Cloutier, Brit’s executive chairman, took the time to thank Ward but did not elaborate on his departure.
“Tony has had a highly successful career and his knowledge and experience of managing Lloyd’s syndicates makes him the right person to step into the role of non-executive chairman of Brit Syndicates,” he said. “Having served on its board for a number of years, he already knows Brit well.
“We would also like to thank Richard for his valuable contributions during his time as non-executive chairman of Brit Syndicates and on the board of Brit.”
In a separate announcement, Brit also confirmed the appointment of Stephen Quinton as class underwriter, kidnap and ransom, beginning September 03. Quinton has more than 30 years’ experience across underwriting and claims and joins Brit from Travelers Syndicate Management where he was head of accident and special risks for Travelers Syndicate 5000.
“Adding high quality underwriters underpins Brit’s growth strategy and Stephen’s extensive experience of both underwriting and crisis response makes him well placed to add value for our clients in the K&R space,” said Matthew Wilson, Brit CEO. “We believe that Stephen will be a great asset to our well-regarded A&H team and look forward to him joining.”
