Insurance and reinsurance group Brit Insurance has established its own Australian office at Sydney’s financial district, replacing its previous third party arrangement. The company said that the new office will provide local representative services initially for its reinsurance activities.

The company said that the new office will be headed by Mike Davidson, who has been appointed as managing director. In his new role, Mr Davidson will be responsible for marketing and promoting the company throughout the region, sourcing potential new business and managing existing relationships.

Jonathan Turner, chief executive of Brit Reinsurance, said: “Mike has represented Brit Insurance through a third party relationship office for several years. His excellent knowledge of the Australian and New Zealand markets will allow us to further develop meaningful local relationships with our key brokers and clients in the region.”

Brit Insurance is a general insurance and reinsurance group specialising in commercial insurance. It writes a diverse portfolio of around 70 classes of insurance and reinsurance offering global protection.