Accident and health
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The broker said it had repeatedly made the football club aware new signings not added to the policy schedule were uninsured. -
Stephen Hitch, senior vice president of underwriting at Xchange Benefits, will lead the new MGU.
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The appointment comes after it emerged that Malcolm Smart is leaving the business to join Ark.
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The carrier is expanding its A&H appetite in London as part of its international insurance growth strategy.
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The broker will be responsible for maintaining growth, working with US and international offices.
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The group has hired two senior executives from Besso Re Middle East to run the operation.
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The appointment comes amid a flurry of personnel movement in the A&H class of business.
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The outgoing accident and health (A&H) head said he would be working his notice period and hadn’t yet decided on his next destination.
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The senior broker has worked at Guy Carpenter for more than 25 years and specialises in life, A&H and crisis management.
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Prior to joining Sompo International, Patrick Corbett was life and A&H CUO at Axa XL for three years.
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The new team now counts 15 underwriters working with 1,600 brokers across 80 countries to reach more than 6,000 clients.
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The transaction will near-double the size of Chubb’s A&H book and increase its Asia premium from $4bn to $7bn.
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