Construction/engineering
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The market is showing signs of having reached its peak amid an influx of new capacity.
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Tim Bluck joins as a partner, covering UK clients.
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It emerged in November that the carrier’s construction head Daniel Abramson was leaving the business.
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The book is yet another indication of growing interest in the space.
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Alex Coulton previously held the role of construction underwriter at Axis Capital.
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The underwriter will work with product leaders across regions to deliver a global product offering for international clients.
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The appointment follows the recent hire of Pascal Carrer as head of casualty in Switzerland, and David Corrigan as head of property.
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At an event that brought together construction insurers, brokers, engineers and developers, delegates discussed an impasse over insuring sustainable development projects.
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The MGU has secured up to $10mn follow-form capacity on a non-admitted basis to cover general liability on complex construction projects in the US.
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Hancock joins from Ensurance UK where he was head of underwriting and international engineering.
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The moves follow a pattern of prolific hiring in which 200 production staff were added across the group’s London business in 2022.
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The initiative aims to fast-track (re)insurance capacity to Ukraine to support reconstruction.
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