International insurance and reinsurance group Brit Insurance has opened a new office in Richmond, Virginia to underwrite First Dollar package business for the public entity sector.
The new office in Richmond, which is subject to Lloyd’s approval, will be led by Sharon Wright who will report directly to Nicholas Davies.
Wright is moving to Brit Insurance from HCC where she was senior vice president of Public Risk Eastern Division and apart form Wright four other colleagues will be joining Wright from HCC.
The insurance group said the new team forms part of Brit Insurance Services USA (BISI), which is the company’s wholly-owned service company based in Illinois.
BISI executive vice president Nicholas Davies said the addition of a dedicated First Dollar team, who will market the product through a network of retail brokers, allows us to expand our Public & Non-Profit Sector scope to smaller Public Entities geared more towards purchasing a standard deductible package policy.
"This new client base will benefit from the local underwriting, claims and loss control services we now offer through our US platform," added Davies.