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EC News (25 February 2021)

February 25, 2021

Round-up of the weekly news and developments from the global (re)insurance market with stories from Hiscox, Carbon, HDI Global and more.

Hiscox appoints Emily Taylor as line underwriter for Marine & Energy Liability team

Specialist global insurer, Hiscox has named Emily Taylor as line underwriter, marine and energy liability.

In her new role, she will manage a team of four underwriters in London and report to Mike Southgate, division director for Marine, Energy and Specialty.

Taylor joined Hiscox in March last year as an underwriter for marine and energy liability. Prior to that, she spent four years as class underwriter energy liability at AXA XL.

Southgate commented: “As a lead market, Hiscox has a significant book of marine and energy liability business and we will continue to build on that solid base, offering our clients and brokers deep technical underwriting expertise in a rapidly evolving marketplace. Emily’s appointment is the latest in our drive to bring through a new generation of underwriters, providing perspective and innovation.

She is highly motivated and has a clear strategy for the marine and energy liability business, and I have no doubt that our team and market position is in great hands.”

Taylor added: “At Hiscox we specialise in complex, diverse and large liability accounts and will be looking to selectively grow our portfolio in these keys areas. We will also be working hard to deliver for our existing clients, as well as exploring ways in which we can take advantage of new technology to introduce operational efficiencies and service improvements.”

Carbon expands underwriting team with three new hires

Specialist managing general underwriter has announced the expansion of its underwriting team with three new hires.

Helen Wheal has been appointed as an underwriter and joins the firm from Syndicate DTW1991 where she spent seven years within the UK and international underwriting team.

Theo Cannon joins the team as an underwriting services associate. He previously served at Brit Insurance where he spent nearly two years as a delegated underwriting executive, before securing a three-month contract as a Property Underwriting Assistant.

Additionally, Shreeya Joshi has been appointed as an associate underwriter, joining the business from Travelers Insurance Company where she focussed on open-market construction underwriting.

Stephen Card, CEO at Carbon, said: “The arrival of three talented new team members is a fantastic way to start the new year, and I am delighted to welcome them to the Carbon family. Since Carbon was founded, we have grown from strength to strength, and our growing team benefits from a breadth of knowledge, ideas and expertise.

Pairing this insight with the advanced analytics and conclusions that can be drawn from our data-driven underwriting tool Graphene is proving to be a powerful and dynamic combination, propelling us forwards to becoming the Lloyd’s Benchmark for data driven quality delegated underwriting.

It is key that we continue to attract new talent to help us deliver these goals, and I look forward to seeing what our team will achieve over the coming year.”

Wheal, Underwriter at Carbon, said: “I am hugely excited to have joined Carbon and to be working alongside the syndicate teams. For nearly a decade my work has focused on binding authority business – including the management and review of property and casualty binding authorities – and my new role at Carbon will be to assess ongoing binding authority compliance with syndicate standards.

Working closely with Jacqui Ferrier, Carbon’s Chief Underwriting Officer, my work will include both property and casualty portfolios, with a greater focus on casualty. I’m looking forward to building this side of the business, as together we aim to develop, document and implement business plans for each binding authority.”

Cannon, Underwriting Services Associate at Carbon, said: “With my recent experience working within one of the Lloyd’s syndicates and the insurance market as a whole, I hope to bring lots of fresh ideas to the Carbon team. Being involved within the operations side of insurance has given me a platform to both learn from and build upon, and I am excited to be expanding my knowledge with the help and expertise of the Carbon team.

Joining Carbon at such an exciting time in its early history is such a privilege, and I look forward to helping the company move forward and achieve its goals.”

Joshi, Associate Underwriter at Carbon, said: “I am incredibly excited to be working with such a forward-thinking and innovative team. My new role as an Associate Underwriter sees me working with Gary Clark, Carbon’s Property Underwriter, to build out a profitable delegated property portfolio.

Prior to joining Carbon, my work was focused on open-market construction underwriting, so being able to broaden my skills and knowledge is a huge step forward. I hope that my experience with generating new business, and my skills with technology-driven solutions will go to good use at Carbon.”

HDI Global announces expansion of management team

HDI Global has announced the expansion of its management team with the appointments of Mark Appleton and Thomas Stamm both reporting to Dr Mukadder Erdönmez, a member of the HDI Global SE Executive Board.

Appleton, current director global and major risks HDI Global UK & Ireland and Thomas Stamm, current chief underwriting officer at HDI Global in Switzerland will join the management of the liability line (underwriting). Appleton will join the liability management team from 1 April 2021 and Thomas Stamm from 1 March 2021.

They will extend the central management of Liability Underwriting, and will succeed Ulrich Schulz (Strategic Steering, Governance & Risk) and Peter Tillmans (Global Risks) who will continue to be part of the new management team, which will be completed by Dietmar Illemann (Claims).    

In future, the Liability Line be steered from Hannover, London and Zurich.

In his new role, Stamm will take over management of the European liability portfolio (excluding UK & Ireland) of HDI Global and Appleton will have responsibility for managing the liability portfolio outside of Europe (but including UK & Ireland). Both will remain at their current locations in Zürich and London respectively.

Dr Erdönmez said: “HDI’s Liability Line forms the nucleus of the entire Talanx Group to which we belong. More than one hundred years ago, representatives of the German iron and steel industry founded the Haftpflichtverband der Deutschen Industrie as a mutual liability insurance association, so that the insurer could offer the representatives liability cover at attractive conditions.

“Today, this still remains our function. We carry this out wherever our customers are. This used to be primarily in Germany. Today, our customers have locations throughout the world. We want to be there as well. That’s why we are expanding the management team of this traditional line and putting it on an international footing. This is an important signal for HDI and for our customers.”

Claire McDonald, managing director HDI UK & Ireland, said: “Mark has known the international world of industrial liability insurance for more than thirty years and he is outstandingly networked in the London market. I’m delighted that he is making another career step in the HDI Group. This is an important signal for HDI and for our customers.”

Marc Luginbühl, managing director HDI Switzerland, added: “Thomas has more than thirty years of professional experience in underwriting of industrial liability risks for national and multinational companies. I am confident that our European liability customers will derive a great deal of benefit from his great level of expertise.”

Andy Neve joins Ed in senior energy role

Global reinsurance, wholesale and specialty broker, Ed, has announced the appointment of Andy Neve as a senior technical account manager within its energy team.

He joins the business with over three decades of experience most recently from Lockton where he served as vice president. Before that, he held positions at Miller and JLT.

Neve specialises in the handling and placing of insurances for E&P companies, National Oil Companies and drilling/service contractor clients from around the world.

Commenting on the appointment Ed shares: “He has a strong technical background in arranging insurance programmes and brings significant experience to further strengthen our service offering to our clients.

BHSI names Mathias Neumann as head of casualty in Germany

Berkshire Hathaway Specialty Insurance Company (BHSI) has announced the appointment of Mathias Neumann as head of casualty in Germany.

Neumann brings more than two decades of insurance industry experience in Germany, most recently serving as chief underwriter casualty and specialties at MSIG Insurance Europe AG where he spent the last 14 years.  

Andreas Krause, country manager, Germany, BHSI commented: “Mathias brings exceptional casualty expertise and local market knowledge to BHSI in Germany.

We are so pleased to have him leading our casualty team as we provide customers of all types across Germany with stable and transparent casualty underwriting, backed by BHSI’s excellent service and financial strength.”

Chaucer names Sutcliffe to lead Ireland operations

Specialty (re)insurance group, Chaucer has announced the appointment of Jonathan Sutcliffe as general manager of Chaucer Insurance Company DAC in Dublin, succeeding Michelle Moore, who is set to depart on 31 March 2021.

John Fowle, CEO of Chaucer said: “Over the last four years, Michelle has led the successful launch and build-out of Chaucer’s speciality (re)insurance company in Ireland which supports our international growth strategy, as well as providing our brokers and clients with greater platform choice. We are grateful for Michelle’s leadership and dedication, and on behalf of everyone at Chaucer I wish her well in her future endeavours.”

Rob Callan, non-executive chairman of Chaucer Insurance Company, comments: “Since joining Chaucer as Head of Underwriting in Dublin, Jonathan Sutcliffe has worked closely with Michelle and her team to drive the vision and growth plans for Chaucer Insurance Company forward. His wealth of experience and exceptional industry knowledge, which includes leading China Re Syndicate 2088 and a decade with XL Catlin as Head of Casualty Reinsurance in Bermuda, has brought significant value to the business and I am confident that this will continue as he takes on responsibility for the overall direction and management of our business in Dublin.”

Michelle Moore added: "This decision was a very difficult one for me to make. Chaucer Insurance Company has an excellent team in Dublin, a well thought out business model and exciting growth plans. I wish Jonathan and all my former colleagues at Chaucer the very best for the future.”