Reid believes the firm has ‘huge potential’ and will help brokers ‘to cement their role as clients’ risk advisors’

Well known industry leader Stuart Reid has accepted his third non-executive director role, joining the board of directors at commercial dispute insurance MGA Harbour Underwriting.

In this position, Reid – who is already chairman of broker Partners& and insurtech Pikl – will look to support the continued growth of the MGA’s operations.

Reid has extensive insurance industry experience – previously, he has worked as chief executive of Stuart Alexander, executive chairman and chief executive of Bluefin and as chief executive of UK retail broking at Arthur J Gallagher.

In addition, he has completed stints as the vice president of the Chartered Insurance Institute and chair of its broking faculty, as well as acted as Biba’s deputy chair and chair of its large brokers committee.

Speaking on Reid’s appointment, Martin Tonnby, chairman at Harbour Underwriting, said: “We are delighted to welcome Stuart to the board of Harbour Underwriting.

“Stuart has a wealth of experience in the insurance industry, which will assist in raising awareness of our specialist commercial dispute insurance products and growing the business.”

Building ‘substantial growth’

Reid told Insurance Times that he is “very excited” to be working with Harbour Underwriting.

He said: “I am excited to join Harbour Underwriting, a highly specialist MGA, at a time of substantial growth. I relish the chance to assist the company to continue to build on an excellent platform and brand.

“With litigation and insolvencies on the rise, Harbour Underwriting’s commercial after the event insurance proposition has huge potential and gives brokers a valuable opportunity to cement their role as clients’ risk advisors.

“I look forward to assisting with the development and growth of this new line of business for brokers, as well as increasing the business’ reach with lawyers and litigation funders.”

Joining Harbour Underwriting marks Reid’s third non-executive commitment, however he told Insurance Times that he is keen to add a fourth non-executive position to his portfolio, ideally working with a charity.