Brit Group enters political and credit risk market

Brit Group has entered the political and credit risk market with the appointment of Peter Jenkins and John Lentaigne.

The pair will be co-heads of the division, which forms part of the property, space and terrorism arm of the global speciality insurer headed by Tom Rowley.

Jenkins join from Beazley, where he was a senior political, terrorism and credit risk underwriter, while Lentaigne was vice president for capital risk solutions at AXIS Speciality.

Brit Global Specialty chief executive Matthew Wilson said: “Expanding into the political and credit risk space has been part of Brit’s strategy for a long time, as we see it as the natural next step in building on our exceptional track record in terrorism underwriting.

“In Peter and John we have a formidable and thoroughly experienced leadership team, and I am absolutely delighted to welcome them to Brit as our co-heads of political and credit risk. Their complementary and diverse skillsets are exactly the right blend, and their appointments demonstrate our commitment to the class.”