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The London market hire comes after the analytics company raised a further $16.5mn in a funding round led by XL Innovate.
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The Corporation said the private equity firm failed to provide timely notice of the alleged $400mn loss.
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A spate of stock throughput and in-transit losses have triggered rate increases in segments of the cargo market.
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The syndicate will continue to offer property cover as part of multi-line policies after the move, which threatens a small number of jobs.
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The withdrawal of Brit from yacht business at Lloyd’s and increased scrutiny of underperforming lines has heightened pressure on the class.
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The reinsurer’s new proposal focuses on inland marine and marine general liability (MGL) business.
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This marks the P&I club’s third licence in the Far East.
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BGSU has reaffirmed its commitment to US yacht business amid reports of the syndicate pulling out.
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Some cyber underwriters believe gap products for specialty lines are “unsustainable”.
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The businesses will write on Argo paper.
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The laboratory claim is the latest stock throughput loss to hit the market in Latin America.
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Suzanne Black will take up the new role of head of liability.
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