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Andrew Moulton becomes executive underwriter for marine, and Jessica Pearson is now cargo class underwriter. -
The broker is targeting to double its revenues to £400mn by 2025.
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The broker has hired Tom Summers and Tyler Walsh from Marsh and Adam Carr from Howden.
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Pene Reuben joins as senior client executive focusing on P&I Club client relationships and business growth.
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The carrier has also hired Paul Cunningham from Talbot to lead the claims function of its newly launched marine team.
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Plus this week’s Q1 results and the latest executive moves.
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Marine war underwriters charge additional premiums for ships sailing in listed areas.
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A prolonged soft market spell up to 2018 has created a ‘generation gap’ in the class, sparking competition for top practitioners.
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The news comes after it emerged last week that RSA was launching into the superyacht class of business.
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The underwriter moves to NorthStandard following the recent merger of North and Standard Club.
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Personnel movement in the class remains elevated as carriers look to secure top talent while underwriting conditions are profitable.
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The next destination of the underwriter is not known and comes following a change in Ascot’s leadership.
