Pol risk, credit & surety
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Andrew Tongue joins from Canopius, where he was deputy head of credit and political risk. -
The French credit insurer has Apollo lined up as its managing agent.
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It is understood that supporters include Munich Re and Brit.
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Tim Watson most recently served as a senior credit and political risk underwriter.
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The firm is seen as an outstanding competitor to larger rivals in credit and political risk.
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He joins from Swiss Re, where he has spent the last 27 years of his career.
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Sources said that Nacional would only consider a bid north of $150mn.
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Increased interest follows ratings agency upgrades of Lloyd’s paper.
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ASR’s UK-based division will be underwriting on behalf of ASR Syndicate 2454.
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Mark Houghton, who joins from Axa XL, will report to group CUO Sam Harrison.
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Richard Chu joins from PartnerRe, where he was head of financial risks for Asia Pacific.
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