Brit Group, the global specialty insurer and reinsurer with a large presence at Lloyd’s, has announced a new hire in strategy and corporate development who will be tasked with helping to develop the firms profile through building relationships with the capital markets.
Brit has hired Joy Ferneyhough into a new role as Director of Strategy and Corporate Development, where she will work closely with Mark Cloutier, Group CEO, and the executive team to identify strategic opportunities and key market relationships which will help to boost Brit’s performance. An area of key focus for the new role will on developing relationships with key players in the capital markets.
Ferneyhough previously held a role at Espirito Santo Investment Bank where she was Head of Insurance Equity Research. This saw her acting as the lead analyst on the European and UK insurance sector, focusing on P&C and reinsurance. Before her 11 years with Espirito Santo (previously Execution Ltd) Ferneyhough worked at UBS Investment Bank for four years within the European Insurance Equity Research team.
Ferneyhough’s relationships built over years as an analyst focused on the re/insurance space will be valuable to Brit and along with capital market savvy acquired with time at an investment bank this should position her very strongly to help Brit build those capital market relationships. The capital market relationships will no doubt include the topic of third-party reinsurance capital and how Brit could itself leverage it for its own needs.
Mark Cloutier, Group CEO, commented on the appointment; “This is an exciting appointment for Brit. Joy is one of the leading authorities within the industry, known for her deep knowledge, insight and analysis. Joys’ deep understanding of the Lloyd’s market specifically, makes her extremely well suited to this important role at Brit. She’s well known across the sector and I’m very pleased she’s joining our team to help develop and drive strategic initiatives and market relationships. I very much look forward to working with her.”
Joy Ferneyhough added; “For me this is a great opportunity to bring 15 years of sector research and analysis into play and help drive the strategic agenda within Brit. I’m really looking forward to working closely with Mark and the team in this new role.”