Product recall
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The appointment follows the resignations of Shaun Russ and Ian Davidson. -
Jack Broadbent left WTW to join CFC in June 2023.
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The resignations will see Russ and Davidson reunited with fellow Axa XL alumnus Mark Hutton, who joined Tokio Marine HCC as head of crisis management last year.
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Ellen White, underwriter on the product recall team, is due to succeed Michael Crabtree following his departure.
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Natasha Catchpole previously headed up the product recall team at CFC.
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Lloyd Fornah’s departure follows the resignations of Ed Mitchell and senior underwriter Vanessa Fouquet earlier this year.
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The recall market has been affected by flat rates, as well as loosening policy terms and conditions.
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New market entrants, fraying wordings and inflation disruptions are among the key trends to watch out for in 2023.
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HDI Global is understood to have led the policy, while Aon is said to be the broker.
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Underwriters are keeping a watching brief on how the regulation may influence claims trends.
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McCoy’s appointment follows the news that ERS-owned IQUW is venturing into recall with a crisis management product led by Talbot’s Jon Atkinson.
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Jon Atkinson will join the carrier in April 2022 as lead underwriter.
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