Pol risk, credit & surety

Negotiations were dragged out by decisions being referred for sign-off at senior levels.

The executive replaces Kade Spears in the role.

New rules for short-term export credit insurance will apply from 1 January 2022.

Prior to joining Markel, Robert O’Connor-Mitchell spent nearly 12 years at trade credit insurance and surety firm Euler Hermes.

Leadership will remain in place at the Northampton-based broker following the transaction.

The transaction marks Xenia’s sixth acquisition to date.

Blenheim Underwriting has recruited Tamsin Plumptre and Ed Fox as underwriters to its political risk team, as the carrier looks to continue expanding its political risk proposition.

The specialist political and credit risk broker BPL collaborated with Euler using an API provided by Whitespace.

The regulator said firms should undertake a “holistic assessment” of the associated financial risks involved with trade credit finance.

Dane Mahoney, who has been with Axa XL since 2013, will lead a team of global risk analysts and develop the global underwriting strategy.

Benjamin Faubert will write a combination of credit and political risk insurance for clients in the EEA region.

The expansive broker has poached a number of senior staff from Aon as it builds its team.