Pol risk, credit & surety
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Increased interest follows ratings agency upgrades of Lloyd’s paper. -
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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Karlsson was previously head of credit and structured risks.
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There is more capacity in the market for long-term risks.
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Marsh Specialty has released its Political Risk Report 2024.
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Last year, the B2B credit InsurTech raised $15mn in Series A fundraising as it looks to continue building its team and expand globally.
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Sources said that with heightened geopolitical risks, pricing is already "much higher" than at any point in the last five years.
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Ablett is currently QBE’s global head of trade credit and surety and has headed up its global credit team since 2018.
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Political violence and risk underwriters have heavily cut back in the region, which remains an important source of premium for marine insurers.
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