Optio
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The executive said that the fragmentation of the European market has proved a barrier to entry in the past.
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The underwriter will manage and develop the MGA’s professional indemnity portfolio.
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He will be responsible for originating European acquisitions as part of the MGA’s global expansion plans.
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The political violence market has seen a flurry of new entrants in recent months.
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The MGA aims to capitalise on the growth and maturation of the continental MGA sector.
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The MGA was without backing since March 2023, after Markel and Chaucer pulled their PVT paper.
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The incoming A&H head brings over 22 years' underwriting experience.
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The underwriter will be reunited with former colleague and current head of terrorism, political violence and war, Andy Bauckham.
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The specialty MGA cited the recent contraction in the reinsurance treaty market as a reason for its loss of capacity but said it was in advanced discussions with other providers.
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The appointment comes one year after David Robinson joined the firm in March 2022 as managing director.
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