Brit appoints BCG principal to new head of strategy role with focus on Lloyd's

Specialty re/insurer Brit has appointed Paolo Cuomo to the newly created role of head of strategy, based in London.

Cuomo will help develop, manage and implement Brit’s strategic initiatives and its engagement with the Future at Lloyd’s initiative, announced in May 2019. He will work to ensure the company is well positioned to respond and input into Lloyd’s and the London Market Association’s future strategy and vision for the market. He will report to Mark Allan, chief financial officer of Brit.

Cuomo brings over two decades of experience in strategy and operational roles, most recently spending ten years in the London insurance market. He joins Brit from Boston Consulting Group (BCG) where he drove the growth of BCG’s commercial insurance practice, working with London Market insurers, international carriers and insurtechs to identify transformation and growth opportunities. He also co-authored the London Matters report in 2017, having co-founded InsTech London, an insurtech association.

Prior to this, Cuomo spent three years as chief operating officer of Charles Taylor Managing Agency, and five years as a member of the Beazley operations leadership Team, responsible for project, programme and data management.

Matthew Wilson, chief executive officer of Brit, commented: “We are excited to announce the appointment of Paolo to the newly created Head of Strategy role, demonstrating our commitment to ensuring Brit is at the forefront of the Future at Lloyd’s initiative.

"Paolo’s experience and extensive relationships within the London Market will be crucial in cementing Brit’s position as an innovative and market-leading player. As a leading member of the global insurtech community with a passion for innovation in insurance, Paolo is an example of the standout talent which we continue to welcome to the Brit team.”

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