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Weatherbys Hamilton provides private client, bloodstock and farm coverage.
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Some 185 credit claims were reported in the market, totalling over $400mn.
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Frank Masteling will lead the new business as head of trade credit.
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The broker’s planned US talent raid is in keeping with its audacious history.
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The carrier’s top line grew to $890m in the first half of 2025.
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Sources said MarshBerry is advising the underwriter.
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The MGA no longer has an FCA licence and was wound up in May.
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Underscoring a more competitive market, the structure includes an escalating premium.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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Atradius Syndicate 1864 is expected to begin underwriting next year.
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The carrier has also hired Imogen Wright as underwriter marine and energy treaty.
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Tokio Marine GX was launched in May to offer coverage for companies looking to decarbonise.