Brit Ltd, a global professional (re) insurer and subsidiary of Fairfax Financial Holdings Limited, has announced that Group CEO Matthew Wilson will be on vacation indefinitely for health reasons.
The Brit team has communicated their wishes to Wilson and is looking forward to his return. Prem Watsa, Chairman and CEO of Fairfax Financial Holdings, said: He has given us full support during this difficult time and we look forward to his return. “
During Wilson’s absence, Martin Thompson was appointed Interim Group CEO subject to regulatory approval.
Thompson joined Fairfax in September 2021 as an executive officer. Prior to that, he was President and CEO of RSA Canada. He began his career at RSA in 1997, staying with insurance companies for over 20 years and holding several senior management positions in the UK, Canada and Scandinavia with commercial and professional line operations. Currently, Thompson is Chairman of the Canadian Insurance Association and Associate of CII.
“We are fortunate to have Martin Thompson step into the role of Brit’s CEO,” Watosa said. “Martin has a wealth of senior management experience and has recently served as CEO of RSA Canada. His tentative appointment minimizes disruption to Brit and related activities in Matthew’s absence. I will suppress it. “