Starr
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She joins the D&O team in London following the exit of senior underwriter Tim Carpenter, who is joining BHSI. -
The firm has also appointed Sean Chen as CEO of Starr International Insurance, Singapore.
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BHSI grew to be one of the largest writers of D&O in London during the hard market of 2020 and 2021.
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AIG’s head of commercial D&O in the UK, Christopher Magee, is leaving the business to take up a role with Starr in the US, Insurance Insider can reveal.
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Corton has worked at Hiscox since the end of 2020 and is the chair of the LMA’s Joint Cargo Committee.
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The underwriter joined CNA Hardy last year amid a flurry of people movement in the D&O market.
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The appointment comes amid a flurry of personnel movement in the A&H class of business.
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The move comes as the London market continues to suffer from a lack of cyber capacity.
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In his new role, Colin Buchanan will manage a team of 14 underwriters writing cyber, D&O and general liability.
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Incoming capacity to the marine market over the past year has led to an easing in rating momentum.
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The case is the latest US suit regarding whether physical damage is required to trigger BI payouts.
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Plus the implications of the X-Press Pearl sinking and all the top news from this week.
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