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The MGA’s new venture will offer latent defect cover for mixed use and tenure developments around the UK.
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The carrier increased reserves for P&C Covid-19 losses by EUR109mn in the quarter after UK and France court decisions. -
In a results preview, the Chaucer owner said it had also benefited from improved investment returns.
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The executive will replace current leader Forbes Geekie.
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The London-listed carrier reported growth and positive rate movement in all seven of its business segments.
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The appointment marks the latest board advisory role for Clarke, who spent 25 years at PartnerRe.
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The new division is structured into three business units: a chief underwriting office led by Rasmus Nygård, business transformation led by Jörg Hipp and global MidCorp, headed up by Ole Ohlmeyer.
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Richard Gordon began his new role as head of construction UK last month, according to his LinkedIn profile.
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The composite insurer has seen top-line growth in Spain and Latin America.
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Experts have pegged the economic losses in the billions of euros, according to reports.
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The ratings agency said trade credit insurers were still expecting further losses as Covid-19 government support came to an end.
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The deaths were reported in the town of Bad Neuenahr-Ahrweiler, south of Bonn and west of the Rhine river.
