Construction/engineering
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Markel International has also hired senior underwriter Keely Madden. -
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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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Chapman exited from Scor following a 13-year tenure with the carrier.
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The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
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Tim Chapman also holds the role of EMEA head of construction at Scor.
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The carrier recently started underwriting construction in Lloyd’s through Probitas.
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Alex Haines also previously held roles at WTW and Mapfre.
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The LMA report focused on first-party property damage from a coverage perspective and on eight key sectors.
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Simon Theobald joins from AIG where he was senior construction underwriter.
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Construction rates remain stable with some talk of potential softening.
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The duo have several years’ experience in specialist construction risk.
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