Pol risk, credit & surety

Joe Lewis, the owner of Tottenham Hotspur Football Club, has entered the trade credit and surety market with a broking venture, amid a flurry of activity in the sector.

Everest Re Group has appointed Markus Heizmann as head of its Zurich-based credit and surety operation.

Allianz-owned trade credit insurer Euler Hermes has named new CEOs for Southeast Asia and China, filling a gap left after a senior executive moved to Munich Re.

Sompo Canopius has added to its growing trade credit and political risk team with the hire of Stephen Pike from securities and commodities broker ED&F Man Capital Markets.

Markel has established a trade credit and political risk underwriting operation in Chicago.

A recently introduced Willis Towers Watson broking structure for terrorism cover has underlined the increasing facilitisation of the political violence market in London.

Everest Re’s insurance subsidiary has added Joe Martin to its credit and political risk team as an executive underwriter in New York, the company said today.

Chubb has raised its capacity by 50 percent to $150mn or EUR150mn for terrorism, political violence and war risk coverage, citing the evolving threats facing large international firms.