Argenta
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ERS 218 reported a 3.4% return on its £48mn capacity.
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She will report to Carol-Ann Burton, ASML director and general counsel for Argenta Group.
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The book is yet another indication of growing interest in the space.
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The MAPA will allow APCL clients to participate in a portfolio of syndicates without the need to own the underlying capacity.
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The appointment comes following the resignation of Jo Reynolds, who is joining Axis.
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She has previously worked at Argenta, joining in 2010 to grow the firm's energy portfolio.
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The carrier is hiring in its energy team following the resignation of natural resources head James Brown.
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The underwriter will join the company following the departure of underwriters David Axtell and Ryan Godfrey.
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Hancock joins from Ensurance UK where he was head of underwriting and international engineering.
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The executive will lead operations and support the company’s growth strategy.
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Wyatt is reunited with former IQUW and Agora colleague, James Blackwell in her new role.
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Beaver is currently a non-executive director and chair of the risk committee at Newline Group and has previously acted as senior adviser for the Financial Reporting Council.
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Jonny Groves will be responsible for leading Argenta’s global cyber business in his new role.
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The incoming head of property was previously head of treaty, deputy active underwriter and director of underwriting at Agora Syndicate 3268.
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The underwriter has more than 40 years’ experience in the market and was global head of marine and energy reinsurance at Axis Re.
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The company will redeploy capacity via other operations including its Australian branches.
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The increase comes amid improvements in the rating environment, a weaker sterling and the impact of inflation on insured values.
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The departing CEO has led the business since 2006, including through its acquisition by Hannover Re in 2017.
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Cordelia Bowdery, Monica Burch and Philip Glaze all bring extensive experience across the wealth management and financial services sectors.
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The Corporation’s results show aggregate losses for the syndicates whose 2017 and 2018 underwriting years remained open rose £98mn last year.
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Nick Toth is to become director of underwriting at the Howden-owned MGA.
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Fellow Names-backed Verto Syndicate 2689 reported a loss of £10mn for 2021.
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Due diligence is being conducted ahead of a likely sale that would burnish Hannover Re’s credentials as a pure-play reinsurer.
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The business said the decision will enable Argenta to simplify operations and focus on the development of its London underwriting base.
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