Peter Rossell hired as dedicated engineering underwriter

BMS-backed underwriting agency Pioneer has formed a new engineering insurance unit.

It has hired Peter Rossell as a dedicated underwriter for the new unit. He has previously worked at Lloyd’s insurers Beazley and Flagstone Syndicate 1969.

Pioneer Engineering will initially underwrite both facultative and treaty engineering business on a worldwide basis.

Pioneer chief executive Darren Doherty said: “The establishment of Pioneer Engineering and Peter’s appointment is another landmark in the development of our business. 

“We will develop a unique offering into the market, with underwriters who have first-hand experience of relevant facultative market issues when talking to our treaty clients. Peter’s vast knowledge and experience in the arena is an immense asset and I am pleased to welcome him to the Pioneer team.”

Rossell added: “The opportunity to join Pioneer Engineering was one not to be missed and I am looking forward to developing our unique offering in the market.”