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The carrier has been expanding its team since launching into the energy market last year.
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Gaughan took over the leadership of SiriusPoint’s energy underwriting operation last year.
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The carrier has made numerous energy and power appointments in recent months.
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The global segment leader for power generation moves to Tokio Marine HCC soon after his colleague Nicola Hannay.
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IGI writes a worldwide upstream energy book, with a lead underwriting capability and maximum line size of $75mn.
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The Syndicate 2050 will provide capacity for new energy projects that support the transition to net zero.
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The carrier has made several senior hires in energy and construction this year.
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Mass construction in remote locations is throwing up challenges around modelling exposures.
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The renewables insurer flagged a “staggering increase” in hail events, which was driving double-digit rate increases.
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The broker is hiring in energy following the departure of several downstream brokers for Price Forbes.
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Tokio Marine HCC restructured its marine, energy and renewables division earlier this year.
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The downstream brokers will join Price Forbes alongside former colleague Dan Nicholls, who left Miller last month.