Brit group appoints director of strategy

Brit Group has appointed Joy Ferneyhough to the newly created role of director of strategy and corporate development.

Ferneyhough will work with Mark Cloutier, group CEO, and other members of the Brit executive team to identify opportunities to enhance Brit’s performance through strategic initiatives and market relationships. She will also focus on developing Brit’s external profile through key relationships in the capital markets.

Ferneyhough was previously head of insurance equity research at Espirito Santo Investment Bank where she was lead analyst on the European and UK insurance sector with a focus on P&C and reinsurance. Prior to spending 11 years with Espirito Santo (formerly Execution) Joy spent four years with UBS Investment Bank as part of the European Insurance Equity Research team.

“This is an exciting appointment for Brit,” said Cloutier. “Joy is one of the leading authorities within the industry, known for her deep knowledge, insight and analysis. Joys’ deep understanding of the Lloyd’s market specifically makes her extremely well suited to this important role at Brit. She’s well known across the sector and I’m very pleased she’s joining our team to help develop and drive strategic initiatives and market relationships. I very much look forward to working with her.”

Ferneyhough added: “For me this is a great opportunity to bring 15 years of sector research and analysis into play and help drive the strategic agenda within Brit. I’m really looking forward to working closely with Mark and the team in this new role.”