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Specialty reinsurers clamped down on Ukraine coverage at 1.1, with the one-year anniversary of the invasion threatening claims. -
The executive has worked at the Norwegian Hull Club for more than 18 years in underwriting and management positions.
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The carrier is re-staffing its hull team following three personnel exits last year.
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Specialty reinsurers are insisting on exclusionary language in order to clear their books of further exposure to the conflict.
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The hire comes after the carrier recently appointed AGCS’ Chris Turberville to lead the hull team.
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Andrew Hedges – who writes the book – will leave the business after a transitional period to oversee the run-off.
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Charlie Jenkins is leaving Travelers after a brief spell, having previously worked as a broker at WTW.
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The Norwegian marine insurer said that rates on the mutual book needed to rise to counter inflation.
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The broker has been re-stocking its talent base following staff departures linked to the failed Aon merger.
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Corton has worked at Hiscox since the end of 2020 and is the chair of the LMA’s Joint Cargo Committee.
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The club argued that proposed rules on transporting crude through the Turkish Straits would have been punitive to members.
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Underwriting agency Marcato Marine is based in Charlotte, North Carolina and will specialise in project cargo.
