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The syndicate is being positioned as an entry point to the RITC market at Lloyd’s. -
The decision does not affect the carrier’s main London market marine offering.
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The broker will focus on Turkish, Greek and Cypriot business, as well as global war risks.
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LMA and Lloyd’s say the exercise will begin around March or April this year.
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The former AGCS marine chief will be managing director of Willis Re’s international customised reinsurance practice.
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Karey Vaught has joined Alliant as an executive vice president, serving US energy and marine clients.
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The structure of the programme remains relatively unchanged, with new private placements.
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Sources said the transaction would likely add about $5mn to Thomas Miller’s existing book.
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The experienced figure formerly worked at AmTrust, Swiss Re Corporate Solutions and Aon.
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The High Court’s award for additional costs comes two months after it dismissed the lender’s claim against the carriers.
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The experienced underwriter was out of the market after Navigators withdrew from hull in August.
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The team is led by Graham Gardner and will operate from Seattle and Oregon.
