ACE appoints new marine team

Specialty international insurer ACE Global Markets has appointed a new team of five to aid the restructuring of its marine team in London.

• Mike Reynolds has been promoted to class underwriter for the Marine Hull and Marine Liability Account. Reynolds was formerly deputy hull and yacht underwriter for AGM and the marine manager for the UK & Ireland. He will be responsible for the performance of the marine liability, hull, yacht and war classes.
• James May joins AGM as deputy marine hull and liability underwriter. May was previously with Hiscox Underwriting for seven years where he held roles within their marine hull, cargo, liability and reinsurance departments.
• Peter Jerman joins as yacht underwriter in the marine hull team. Jerman was previously with RFIB, the international Lloyd’s insurance and reinsurance broker, where he was a marine hull and war placement broker, before specialising in Yacht business. Prior to RFIB he worked for Besso in their marine department.
• David Kirk has been promoted to the position of deputy cargo underwriter and will also continue to assist on the AGM specie account. Kirk joined ACE five years ago and has worked within the marine department initially as specie underwriting assistant and then on the specie and cargo product lines.
• Michael Southgate has joined AGM to assist Jason Roe, fine art and specie underwriter, in underwriting the specie account. Southgate was previously with Heath Lambert where he was an account executive dealing with a worldwide book of Jewellers’ Block, Cash in Transit and general Specie accounts. He also placed a number of large fine art risks.

Andrew Williamson, AGM marine product line head, said: “These appointments demonstrate our ongoing commitment to the marine market. The team provides a range of skills and expertise that will further enhance our service and the delivery of first class underwriting to our clients.”