Brit Ltd, a global specialty (re)insurer and subsidiary of Fairfax Financial Holdings Limited, announced that Matthew Wilson, group chief executive officer (CEO), will be taking an indefinite leave of absence due to health reasons. During this period, Martin Thompson will step in as interim group CEO, subject to regulatory approval.
Martin Thompson joined Fairfax in September 2021 as an executive officer. Prior to that, Thompson was president and CEO of RSA Canada. Thompson was with RSA for over 20 years, having started his career with them in 1997. He is President of the Insurance Institute of Canada and Associate of the Chartered Insurance Institute (CII). Thompson graduated from the University of Glasgow.
“Our thoughts and prayers are with Matthew Wilson and his family as he begins a program to fully regain his health. He has our full support during this challenging time, and we look forward to his return,” said Prem Watsa, Fairfax Financial Holdings chairman and CEO.
“We are fortunate to have Martin Thompson available to step into the role of CEO of Brit,” said Watsa. “Martin brings ample senior executive experience, most recently having served as CEO of RSA Canada. His interim appointment will minimize disruption to Brit and its related operations during Matthew’s absence.”
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