AmTrust at Lloyd’s (ATL) has expanded into North American property cat business, hiring Lucy Forcey as a senior underwriter within the team.
Forcey joins from Axis, where she most recently served as a class underwriter for the North American catastrophe reinsurance team. She began her career in 2006 as an assistant internal auditor at Novae Group, before moving to North American binders team where she was a trainee underwriter and then joining the North American catastrophe reinsurance team in 2011.
The team, which represents a new line of business for ATL Syndicate 1861, will be led by Greg Roberts who is set to join the carrier by end of the year along with additional team members.
Chris Jarvis, director of underwriting at ATL said: “Lucy is a great addition to the team and brings much experience and expertise to the role.”
“By adding this line of business to our portfolio we’ve expanded the scope of products we can offer our customers. Syndicate 1861’s 2019 business plan was approved this week including the addition of this market leading team. Their arrival is a key aspect in moving the Syndicate’s balance of business towards a more even split between direct and reinsurance lines,” he continued.
Jarvis added that this was the “perfect ‘greenfield’ platform.”
“Because there are no legacy issues to consider, we can create a new book with a great pricing structure based on enhanced decision-making. Our new team will be able to offer extremely quick turnaround on quotes, which benefits our customers and places us ‘ahead of the pack’”.
Forcey said: “I’m delighted to be joining AmTrust and excited to be part of the team launching this new class of business for Syndicate 1861. We see good opportunities to use best in class analytics to differentiate ourselves within this profitable line.”