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Competition for talent has led to high levels of staff displacement in the marine hull market. -
The appointment comes following the resignation of Jo Reynolds, who is joining Axis.
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The report noted that, overall, marine insurance results appear to indicate growth, which Iumi welcomed after a prolonged period of negative returns.
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Stuart Williams, currently war practice leader, will become head of new business.
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Carr has spent over 20 years in the market, holding several leadership positions at Tokio Marine HCC, Axis and others.
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Political violence and risk underwriters have heavily cut back in the region, which remains an important source of premium for marine insurers.
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The carrier has been in hiring mode in recent months after staff exits earlier this year.
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Plus this week’s people moves and all the top news from this week.
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Meanwhile, war premiums for calls into Israeli waters are expected to rise substantially from a low base.
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Richard Burnett will take up the strategic position as head of cargo underwriting.
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The marine build in London is part of the carrier’s primary insurance expansion strategy.
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The MGA has hired MS Amlin’s Aram Stoop and Pim de Pooter for its marine hub.
