XL loses underwriters.
Talbot is building a new aerospace team after poaching members from XL.
Talbot, the specialty insurance group which is a subsidiary of Validus Holdings Ltd, has appointed Peter Bilsby as head of global aerospace.
Rod Mearing and a number of others will also join Talbot to underwrite this class as part of a new team within its syndicate 1183 at Lloyd’s. The Insurance Times understands both will first see out their contract obligations at XL.
This is all subject to regulatory and Lloyd's approvals.
Talbot chief executive Rupert Atkin said: “I am delighted to welcome Peter and Rod to the Talbot team. Together they bring extensive market experience in the aerospace environment and afford us the perfect platform from which to launch a new and exciting class of business for Talbot.
"It enables us to offer the full range of MAT (marine, aviation and transport) business to our clients, and this is an area in which the Syndicate specialises.”
Bilsby said: "I very much look forward to building an exciting new direct aerospace franchise at Talbot. Together with my colleagues old and new, we will be working hard to establish our market presence and to meet the requirements of our client base.”
