Marine
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The coverholder has also expanded its product offering and now underwrites marina business.
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Sources said that the incident near Huntington Beach had the potential to exhaust the $1bn oil pollution reinsurance tower.
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Since launching last year, the coverholder has amassed a premium income of $30mn.
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The Richard Brindle-led carrier has undergone a major expansion in specialty lines.
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In his new role, Michael Cusition will report to David Sankey, head of Marine at Atrium.
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The takeover will strengthen Lockton’s presence in Norway.
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Stuart Forsyth will start in his new position in mid-October and report directly to Laurence Humberstone, head of marine.
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The company said its new identity would better communicate its strengths as a specialist cargo and freight underwriting business.
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The well-known underwriter has held similar positions at Sompo International and Partner Re.
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The stock throughput specialist has worked in the London market for more than 35 years.
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Stephen Clark will also keep his responsibilities as North America hull and liabilities practice leader, a role he has held since 2017.
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The former security chief also highlighted the threat posed by cyber risk to increasingly autonomous ships.
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