MS Amlin
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The hire follows an exodus from the recall team, as Mitchell, Fouquet and Fornah resign. -
The fronting company said impairment to Vesttoo’s LoC collateral will be "immaterial".
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Lloyd Fornah’s departure follows the resignations of Ed Mitchell and senior underwriter Vanessa Fouquet earlier this year.
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Previously, Shaw was lead underwriter at MS Reinsurance and lead underwriter at MS Amlin’s Bermuda office.
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Ed Mitchell and Vanessa Fouquet are set to join BluNiche and Dual, respectively.
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Parent company MS&AD reported a net profit for fiscal 2022 of 161.5bn yen.
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It emerged in March that Tim Welsh was leaving MS Amlin after almost three decades at the business.
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The pair will report to CRO Vishal Desai.
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MS Amlin has added ex-JLT broker Lacy Lighterness to its cargo team.
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MS Amlin Syndicate 2001 – one of the largest in the Lloyd’s market – reported a combined ratio of 99.9% for 2022.
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The results show 2022 was the first year in which MS Amlin Syndicate 2001 has reported an underwriting profit since 2015.
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Jessica Turner will report to Martin Burke, director of underwriting performance.
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