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Martin Thompson Named Brit CEO, Wilson To Step Down

Martin Thompson Named Brit CEO, Wilson To Step Down

Martin Thompson Named Brit CEO, Wilson To Step Down

Martin Thompson Named Brit CEO, Wilson To Step Down

The Fairfax Financial Holdings Limited group of companies global specialty insurance and reinsurance company Brit Ltd. has announced that Martin Thompson will succeed outgoing CEO, Matthew Wilson.

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Subject to regulatory approval, Thompson will take over as the new Brit Group CEO and Executive Chairman of Ki as of today, October 31.

Wilson will continue to serve as an Executive Advisory Director for the Fairfax Financial Holdings Group.

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Wilson returned to Brit in September 2022 after a period of absence to undergo treatment for a rare form of blood cancer.

The company said that his stepping down as CEO and becoming an Executive Advisory Director to Fairfax will allow Wilson to prioritize his own health and spend more time with his family.

Martin Thompson Named Brit CEO, Wilson To Step Down

Thompson was Interim Group CEO of Brit during Wilson’s leave of absence and is an experienced leader in the insurance sector, most recently prior to Brit having been the President & CEO of RSA Canada.

Wilson joined Brit in 1999, becoming Group CEO in 2018. He has also served on the Board of the LMA from 2011-2022 and has been involved in many market-wide initiatives.

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Wilson commented, “In my 23 years at Brit this is, without doubt, one of the hardest decisions I have had to make. No one was more determined than I was to continue as CEO, but it is with huge regret that I have chosen to step down so that I can focus on my family and my health. Brit is an extraordinary company, but its amazing people make it so special. I will miss every one of them.

Martin Thompson Named Brit CEO, Wilson To Step Down

It is this team that gives me such confidence in Brit’s future, and I know that our culture of inclusivity, innovation, and achievement means that this is a company that will continue to lead the way in both who we are and what we do. I am pleased that I will remain within the Fairfax Group and, while stepping away from Brit, it is a company that will always stay in my heart and will remain its greatest champion.”

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Prem Watsa, Chairman and CEO of Fairfax Financial Holdings, added, “Brit stands out as one of the most forward-thinking companies in the market, from its truly inclusive culture to its reputation as a leader in Lloyd’s to the incubation and launch of Ki. Matthew has been pivotal in driving this and leaves a lasting legacy of success across the whole of the organization.

He will always be a friend to Brit and I am pleased that we will benefit from his insight as an Executive Advisory Director for Fairfax.

“Martin is an outstanding insurance leader and demonstrated this when asked by Matthew to step in as Interim CEO at such short notice last year, ensuring stability and enabling Brit to maintain its focus.

Martin Thompson Named Brit CEO, Wilson To Step Down

He knows the business, its people, and its culture extremely well and this, alongside his leadership skills, means we can deliver a smooth succession and the right CEO to take Brit forward.”

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Thompson also said on his appointment as Group CEO, “It is an honor to succeed Matthew as CEO. Having spent a year experiencing Brit’s culture and getting to know its talented people, I know what a unique business this is. Matthew’s departure is a sad moment for Brit, but he leaves a business that is in great shape; I am excited about our potential and how much more we have to achieve.”


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