Markel
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The move follows a reduction in MS Amlin’s Lloyd’s hull appetite, and the departure of underwriter Andrew Davies. -
The underwriter will join the carrier later this year as head of renewable energy in London.
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The marine hull and war market has experienced a sustained period of personnel movement this year.
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CEO Talbir Bains founded the business in 2017 with backing from the market’s largest ILS manager.
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Simon Moore has joined Lockton Re as a senior broker in the company’s non-marine retro and property specialty team, based in London.
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The total increase to the Bermudian firm’s AuM will be “tempered” at the start of the year due to timing of allocations, cat losses and side pocketing.
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Deployed capacity is recovering and claims were below expectations but ending government support could negatively hit the market.
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Arnd Briese has moved into the post of Germany-based financial lines head.
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Germany is among other jurisdictions to have prolonged the life of similar schemes.
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The local Organising Committee expects to receive around 50bn yen ($481mn) for the initial delay.
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Simon Barrett, who was Markel International’s finance director for under two years, replaces Bob Moreton who retires next year.
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The move comes as conditions continue to improve for hull underwriters following years of losses.
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