O'Connor joins as head of property treaty reinsurance
HCC, which has a Lloyd’s capacity of £130.7m for next year, has been given permission to merge syndicates 4040 and 4141. The insurer finished the buy-out of the external names on syndicate 4040 to pave the way for the merger.
This comes as Tony O’Connor joins as head of property treaty reinsurance at syndicate 4141 and HCC International.
Chairman and chief executive Barry Cook said: “We are delighted to have an underwriter of Tony’s calibre join our international underwriting team.
“The merged HCC syndicate will be able to write energy, marine hull, and directors’ and officers’ liability in 2010, and the increased presence in Lloyd’s will act as an important platform for HCC’s international growth.
“The new team and product lines will bring diversity and additional scale to the third-party liability, employers’ liability, contractors’ risks, accident and health, and contingency insurance businesses we already write in Lloyd’s,” he said.
HCC has offices in the UK, Spain and US, with assets of $9bn (£5.4bn) and shareholders’ equity of $3bn.