Accident and health
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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. -
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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The former South Africa A&H head will return to London for his new role.
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The revelation came with the release of the institute's 2021 Resilience Index.
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The carrier will remain active in the class of business after the departure of the underwriter who launched the book in2016.
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Underwriters voiced a cautious optimism about the outlook for 2020, but warned that the class was moving from a low point.
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The MGA launched in the A&H market last year amid a buildout into specialty classes.
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The newcomer will work as a senior underwriter with a focus on business within the aviation and marine industries.
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A Lloyd’s report warns that increasing digitisation makes key infrastructure assets more vulnerable.
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