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Director of aerospace David Godley had been at Nexus since its acquisition of aerospace MGA Altitude in 2018. -
The Hartford, Canopius, Newline, QBE, CNA Hardy, Travelers, Hamilton and Volante are participating in the facility.
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The syndicate exited the class in 2021 at a time when the Lloyd’s market was in the thick of its performance drive and Decile 10 exercise.
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The casualty-focused MGA was launched in March by Argenta deputy active underwriter and head of casualty Bradley Knight.
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Sources said that there was still rating adequacy in the market, but that further pricing falls would be unsustainable.
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The Syndicate 2050 will provide capacity for new energy projects that support the transition to net zero.
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The book is yet another indication of growing interest in the space.
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Alex Coulton previously held the role of construction underwriter at Axis Capital.
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Howden was the most active acquirer as people-move activity peaked in Q2, this publication’s data showed.
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The incoming aviation specialist was previously head of aviation at LSM.
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Barr’s resignation from his previous role as head of marine at CNA Hardy was first revealed by this publication in July of this year.
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Next year will see North Atlantic hurricane activity about 30% above the 1991-2020 30-year norm, according to Tropical Storm Risk.
