Brit opens office in Singapore

Brit Limited, the global specialty insurer, has announced the opening of an office in Singapore. The new office begins operations on March 1, 2016, with Brit having received approval to begin underwriting from both Lloyd’s and MAS (Monetary Authority of Singapore).

The office will be headed by Charlie Barrett, currently Class Underwriter for War and Terrorism, who has been with Brit since February 2011.

From Singapore, Charlie will initially write War and Terrorism and Political Risk. He will be joined by Hong Onn Ching to write Construction business.

Fairfax Financial Holdings Limited, Brit’s parent company, already has a significant presence in Asia, including through its subsidiary First Capital, the largest (re)insurer based in Singapore.