Client Coverage
Insurance Day special feature discusses how London’s standalone terrorism and political violence market is introducing new products and coverages in response to the changing risk environment, with contributions from many of the leading figures in this business line.
IQUW’s Kate Hughes said: “We are now seeing general liability policies restrict their cover, which is driving an increase in demand for terror and active assailant liability in the political violence insurance market”
SirisuPoint has promoted Chris Fenn to Global Head of Marine, which adds to two other appointments in the Marine team. Fenn was previously Head of Marine, London, and has prior experience in leading Marine teams during his 14-year tenure at Markel. Fenn’s new role will be to lead SiriusPoint’s Marine team with a key focus on building the cargo, fine art and specie, ports and terminal, and marine liability offering.
Anthony Shapella, Group Chief Underwriting Officer, SiriusPoint said: “Chris has demonstrated himself as a respected leader in the global marine market and has made a strong impact since joining SiriusPoint. His promotion reflects both the depth of his experience and our strategic focus on building a high-performing Marine team aligned with our vision for growth and profitability.”
SiriusPoint has appointed Eleanor Gibson as International Chief Underwriting Officer (CUO). She will be based in London, and will report to Rob Gibbs, President & CEO of SiriusPoint International, and Anthony Shapella, Group Chief Underwriting Officer.Gibson brings 30 years of industry experience.
Gibson joins from AIG, and brings 30 years of industry experience. As part of her role, she will provide strategic leadership to underwriting and portfolio management teams across SiriusPoint International, with a focus on driving profitable growth and performance.
Gibbs said, “Eleanor’s exceptional leadership and deep industry expertise will be invaluable as we continue to strengthen our underwriting capabilities across SiriusPoint International and drive growth across our global platform. She will collaborate closely with Anthony Shapella, as the Chief Underwriting Office continues to build a best-in-class underwriting framework and foster Underwriting Excellence across the global underwriting team.”
Sherrie Clevenger, vice president, product management at Zywave, has written a piece in Insurance Journal about how the rise of embedded insurance is great news for consumers, but considers if it is a threat or an opportunity for insurance agents.
The piece discusses how embedded insurance, as a distribution channel, doesn’t necessarily take insurers out of the value chain, and it provides some great advantages for brokers, such as valuable leads to consumers when they are right at the point of purchase. Clevenger goes on to stress that brokers will need to have the right technology to accept and process these leads and generate quotes.
Xceedance has appointed Gavin Lillywhite as SVP, Operating Leader UKI and Europe. Gavin brings over 30 years of international experience across the London, Lloyd’s, and Company Insurance Market,
“We are delighted to welcome Gavin to our team,” said Amit Tiwari, President – EMEA & APAC at Xceedance.” His extensive experience and proven leadership in the insurance industry will be invaluable as we continue to expand our services and deliver exceptional value to our clients across the UKI & Europe region.”
Gavin added: “I am passionate about leveraging my expertise to make a meaningful impact as Operating Leader UKI and Europe at Xceedance. My goal is to enhance client satisfaction through exemplary service delivery and innovative solutions. I look forward to collaborating with
SiriusPoint has announced a new partnership with Irwin Siegel Agency, a managing general underwriter based in New York, to launch a new casualty and excess insurance programme targeting human and social services providers.
Patrick Charles, SiriusPoint’s head of North America Insurance, said: “The launch of a new Casualty and Excess programme will not only deliver innovative insurance and risk management solutions to a gap in the market but will fill a distinct need in the human and social services space.”
SiriusPoint will provide paper for the programme, which will be distributed exclusively through the wholesale market.
Broker Insights, a provider of insurance data analytics and market intelligence, has updated its insurance decision intelligence platform, Broker Insights VISION. This latest version introduces enhanced functionality to improve connections between brokers and insurers.
Broker Insights Chief Executive Officer, Peter Scott, commented: “This evolution marks a foundational shift in how insurers and brokers engage with their data, reinforcing our commitment to empowering our partners with the tools they need to succeed in an evolving market.”
Rohan Pai has been appointed Ariel Re chief financial officer, overseeing the company’s continued development and commitment to being the “premier manager of reinsurance risk”, the company said.
Ryan Mather, Ariel Re chief executive, said: “We are excited to welcome Rohan to the team. His deep expertise in financial management and the reinsurance sector will be instrumental as we continue to grow and strengthen our market position.”