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Hippo-owned insurer Spinnaker Insurance Company has recruited Torben Ostergaard, the former chief risk officer of USAA, as CEO.
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The broker said that the appointment would mark an expansion into the region, with more hires to follow.
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The executive, the latest in a string of key hires at Richard Watson’s start-up, will join as head of capital.
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The Week in 90 Seconds: A guide to Gallagher-Willis; Florida renewal look-ahead; Two offshore lossesPlus the insurers on-risk for the Colonial Pipeline cyber attack and all the week’s top news.
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The recently installed chair discusses pressing London market issues.
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Downstream uses of oil and gas pose challenges for the (re)insurance industry, he says.
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The association plans to use its traditional venue on 11-12 May next year.
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The platform will be managed by Horseshoe with Leadenhall’s head of non-life, Ben Adolph, acting as head of underwriting.
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The CEO says the transaction accelerates AJG's strategy in Europe by five years.
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Lancashire’s upstream income was broadly stable in 2020 as the carrier registered modest rate increases.
