Brit Insurance, a global general insurance and reinsurance group, has appointed Ray Cox as new CEO for its UK strategic business unit, effective 1 September 2010.
Cox will be replacing Peter Burrows, who will be retiring. Burrows will continue to work closely with Ray until his retirement in December.
Cox will also join the executive management committee and will report directly to group CEO Dane Douetil.
Douetil said that in the current insurance market environment it is important that the firm capitalise on the success of its UK business and he is pleased that the firm has been able to appoint an internal candidate of Ray’s quality to provide continuity and stability.
“Ray has been an integral part of the senior team that has helped to build our UK underwriting business. His strong underwriting background and leadership skills, together with his intricate knowledge of the UK commercial market and our business, made him ideal for this position.” Douetil said.