Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991 and 3330, has appointed Sarah Davies as a non-executive director and new chair of risk & capital committee, and David Hipkin has been appointed as non-executive chair of the board.
Davies brings over three decades of (re)insurance experience across the Lloyd’s & London Company Markets to the role. She started her underwriting career with the Royal and Munich Re before joining Wellington underwriting in 1993 where she held a variety of roles including property reinsurance underwriter, business support manager, and operations director.
In 2001, Davies was part of the executive team managing coordinated the highly complex transfer of the Wellington Underwriting reinsurance portfolio to Aspen and from 2002 to 2006, she served as Aspen’s Group chief operating officer.
In 2007, Davies joined AEGIS London as the operations and strategy director where she was tasked with improving operational performance and build the company’s infrastructure in anticipation of delivering its medium-term growth strategy.
Most recently she served as group chief operating officer, beginning in 2017. Davies is a non-executive director and member of the Risk & Audit Committee of Howden Insurance Broking Limited and a member of the board of the University of Bedfordshire.
Hipkin brings over four decades of experience in the London insurance market. He began his career in 1980 working as a market broker at C T Bowring. In 1986 he joined I C Agnew Underwriting Ltd as an underwriter at Lloyd’s Syndicate 672. Following the acquisition of Agnew Underwriting by Wellington Underwriting in 1990, he was appointed the liability underwriter for Syndicate 672 and in 1999, Hipkin joined Atrium Underwriting’s Syndicate 609 and was appointed an executive director of its Lloyd’s Managing Agency in 2001.
In 2005, he joined Arch Insurance Company (Europe) Ltd. and was appointed chief underwriting officer of the Company in 2008 and later following the successful start-up of Arch’s Lloyd’s Syndicate 2012, Hipkin was also appointed director of underwriting at Arch Underwriting at Lloyd’s Ltd. Since retiring at the end of 2016, he has assumed consultancy work with a variety of businesses in the London Market. He joined the Board at Coverys in January 2020 and previously served as a non-executive director and chair of the Risk & Capital Committee.
Robin McCoy, CEO of Coverys Managing Agency, said: “I am delighted to welcome Sarah to the Coverys board. She has an exceptional reputation as both an underwriter and a successful leader. We have a number of new initiatives in the pipeline for the Managing Agency and Sarah’s experience and counsel will be invaluable. David has been a consistent source of strategic advice for us since joining us in 2019 and the Board and I are very pleased that he has accepted this new role.
Sarah Davies, non-executive director, Coverys Managing Agency, said: “Robin and his team have clear, ambitious goals for Coverys over the next few years and I look forward to contributing to this effort. I was delighted to be asked to join their board.”