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The treaty specialist has also worked at QBE Re, Aspen and Swiss Re. -
The former Vibe CEO has also worked for Axis Capital and Ace.
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City of London grandee Martin Gilbert is attached to the project in a non-executive capacity, sources said.
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The underwriter had worked for Axis and predecessor Novae for 17 years.
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Loss activity is escalating in the class of business, leading underwriters to question rate softening.
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The launch will allow the Lloyd’s market to access a greater proportion of Acrisure’s $32bn managed premium.
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A leaked document also details the rationale for the planned combination of syndicates 510 and 557.
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Chaucer’s global head of marine Philip Graham also chairs the influential facts and figures committee of the International Union of Marine Insurance.
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Mitsui, Tokio and Sompo are to split the loss, which will be absorbed by retentions and property XoL treaties.
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Non-life reinsurance director Joachim Racz is to replace the executive.
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The private equity firm took the intermediary private in a deal struck in 2018.
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As part of the changes, North America CEO Dan Linton – who operates out of Bermuda – is to leave the company, while around half a dozen employees will be made redundant.
