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The line of business entry will be via its AdA SPA 2024, which will begin underwriting in 2024. -
The broker said it anticipated new entrants in the downstream class following a profitable 2023.
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Delegates at our annual London Market Conference (LMC) described the market as “transforming” and “exciting”.
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The class underwriter has spent more than two decades with Brit.
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The onshore energy broker has more than 15 years’ experience in the sector.
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Inflation, supply chain issues and technological failures are complicating the underwriting landscape.
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Plus this week’s people moves and all the top news from this week.
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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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The carrier launched its offshore wind proposition at the beginning of the year.
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Upstream energy broker David Patten has also left Marsh.
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The carrier is looking to grow its direct underwriting capabilities, focussing on the offshore wind market.
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Carriers achieved sweeping changes in pricing, terms and coverage in a hectic renewal at 1 January 2023, in a reset that sources hope isn’t reversed.
