Former Markel team to join Allied
The purchase of Markel’s renewal rights by Allied World Europe has been concluded.
London-based Allied bought the aviation book of business, written by Lloyd’s Syndicate 1400 and Markel Europe plc, in May this year as part of its acquisition of Alterra Capital.
The property, casualty and specialty insurance provider has now received the required regulatory approvals for the transaction from the Central Bank of Ireland and Lloyd’s.
The former Markel underwriting team led by Olivier Marre has also joined Allied.
President of Allied World Europe Julian James said, “We are delighted to secure such a highcalibre team of individuals.
“By expanding into this market, we are taking another step in the strategy of building out our European business in areas where we believe we can make a meaningful impact.
“Having underwritten the quota share for the entire account through our Bermuda operation, we have knowledge and experience of the class, and with Olivier and his team’s impressive track record, I am confident that we can continue to build on the team’s previous success.”
No comments yet