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Early calculations suggest a potential quantum of $72.6mn-$90.8mn following a Pacific storm, although uncertainty remains high. -
The appointment follows the hire Canopius’ Aimee Nolan and the departure of the carrier’s previous cargo team.
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The latest hire follows the appointment of fellow Guy Carpenter marine and energy broker Andy Massingham last month.
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The club reported a combined ratio of 102.2% for the first half of 2020, and an underwriting deficit of $2.2mn.
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Nick Hocking, Tony Cuthbertson and Joshua Robertson will join after their restrictions expire.
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The decision marks further reshaping of MS Amlin’s marine appetite, as the carrier continues its turnaround efforts.
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The move comes as conditions continue to improve for hull underwriters following years of losses.
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The former global head of marine, aviation, transport and offshore energy will be a partner and starts on 19 November.
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The boards of the companies moved one step closer to an agreement for the proposed acquisition.
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The broker says ample free reserves are available to defer premium rises.
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The carrier will continue to provide capacity for the business, which will rebrand as Haven Knox-Johnston.
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The executive will lead the marine and energy mutual, agency and captive reinsurance solutions practices.
