The three appointees join from Globe Underwriting and all have previously held roles at Pioneer
International speciality (re)insurance MGA Rokstone has hired three senior engineering underwriters from Globe Underwriting, with the aim of centralising its power, construction and engineering lines for brokers.
Globe Underwriting head of engineering Peter Rossell, senior engineering underwriter Dan Watson and engineering underwriter Anthony Palmer will be joining forces with Rokstone’s head of power and energy Ian Green and construction portfolio manager David Turner.
The trio’s respective titles from Globe Underwriting will be maintained at Rokstone.
Combining the teams will now provide brokers with a consolidated maximum probable maximum loss (PML) of $27.5m (£23.7m). Operational power generation, furthermore, has a typical maximum line of $5m (£4.3m).
Capacity will be drawn from A rated carriers.
Rokstone managing director Ian Anson said: “There are potentially large opportunities opening up in both the power and construction markets in 2023.
“By bringing together this team of market leading talent, we believe that we are now a go-to market in both these specialty lines.
“We continue to enjoy excellent long-term relationships with our carriers – their ongoing commitment to us is a strong vote of confidence both in the potential in the market and in our proposition.”
Appointee history
Rossell brings 43 years of engineering underwriting experience to the team, having previously worked at Pioneer, Beazley and Amtrust.
Watson joins with over 15 years’ experience and previously held senior positions as an engineering underwriter at Pioneer and RSA.
Palmer, on the other hand, brings over 10 years of experience and also previously worked at Pioneer, as well as Canopius.
Read: Success in the future of insurance requires shift in underwriting roles – CII
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Rokstone has offices in the UK, Europe, USA, Asia, Africa and the Middle East. It currently underwrites $800m (£690m) gross written premium (GWP) in several lines including property, marine, aviation, terrorism and political violence and liability.
- Insurance Times has converted dollar amounts into pounds using an exchange rate of £1 = $1.16, which was correct as of 1 September 2022.
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