Brit
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The former Pioneer underwriting chief will lead the programs team within Brit Global Specialty USA from Georgia.
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US president Nick Davies, SVP Sean Quigley and COO Adam Finkle leave the business. -
Pandemic losses inflate the quarterly combined ratio by 10.1 points.
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The partnership will focus on attracting graduate talent, supporting minority-ethnic market executives and hosting workshops and events.
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The senior partner says the investor is eyeing further insurance opportunities.
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The New York PE firm says the data-powered business offered a “unique opportunity in Lloyd’s to revolutionise the market”.
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Rate growth at the Fairfax business almost doubles to 8.2%.
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Andrew Thorn joins as a senior underwriter and Alex Brice as an underwriter in its recently launched private client team.
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Brit has appointed Andrew Umphress as vice president, terrorism, to its US specialty operation, based in New York.
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The London market veteran holds several advisory positions and assists the UK government.
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The carrier will offer bespoke coverage with clients insured under a single policy.
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The carrier has also brought in recruiters for the follow-only Lloyd’s syndicate.
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