Jubilee opens new property account

Jubilee Managing Agency has announced the first of its new business lines, with the launch of a Global Property account, part of its strategy to expand and diversify its product portfolio.

The Global Property business is underwritten through Jubilee’s Speciality Insurance Syndicate 5820, with a focus on world-wide direct and facultative and binding authority accounts. The direct and facultative business covers a broad range of commercial insured’s and provides value to brokers and clients on both layered and full value placements.

The binding authority account consists of a combination of property, automobile and US “slip and fall” public liability business for specialist local coverholders placed via experienced Lloyd's brokers.

Jubilee recently announced plans to actively diversify its product offerings and announced the appointments of Andreas Loucaides, a former chief executive of Catlin UK, as director of underwriting, and Norman Topche as director of reinsurance, to drive this strategy forward.

Andreas Loucaides said: “We are identifying opportunities to underwrite profitable business in a range of new areas that reflects our ethos and appetite for sustainable growth. The launch of the Global Property account is a first strong step towards delivering on our plans.”

The Global Property team is led by Martin Pope, who has previously held senior positions at Travelers Syndicate 5000, St Paul at Lloyd’s Syndicate MEP 1511 and RGB Syndicate 490/2490 RGB Underwriting Agency Limited. The team also includes Colin Cluow, Darryl Pettit, David Melaniphy and Christian Corby, and will operate from Box 143 on the 1st floor of the Lloyd’s building.

Loucaides added: “Martin and the team have an excellent track record and a good reputation for working with brokers and clients to develop programmes that meet their specific needs. As recognized leaders in the market they are the kind of business and team we see playing an important role in our future planned growth.”