APC in Leadenhall move

Commercial insurance underwriting agency APC is to move headquarters in mid-September from Chadwell Heath, Essex to Leadenhall Street, EC3.

It has also hired Graham Young as european business development director, subject to FSA approval. These developments add to APC’s recently gained Lloyd’s accredited status and it seeks to expand in to the European market.

Young brings 28 years’ industry experience and joins from Heritage Underwriting Lloyd’s syndicate where he was class underwriter for fine art and UK and European property.

APC chief executive officer Brian Russell said: “We are extremely pleased to be joining the City-based insurance community and to have secured the substantial talents and experience of Graham Young. Both will be of central importance in growing the UK business and starting up and developing our European operations.

“The significant developments of gaining Lloyd’s accreditation, relocating to the City and hiring in senior level experience in quick succession signal our intent to move the business forward rapidly.”