Argenta
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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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Syndicate 2121’s reinsurance manager will exit after just under five years with the business.
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QBE, Argenta and Blenheim syndicates also plan significant growth to capitalise on market conditions.
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Andrew Hubbard will take on the role of executive chairman.
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Casualty insurance head Bradley Knight will work alongside fellow deputy Barney Smythe.
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The Fidelis UK CEO will run Syndicate 2121 and SPA 6134.
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