Unicorn equine team moves to XL

XL Insurance has acquired an underwriting and claims team from THB subsidiary Unicorn Underwriting in a move to strengthen its equine business.

The team of five is headed by Guy Morrison, who will become chief underwriting officer of equine and will lead XL Insurance's global equine operations.

XL will also pick up the book of bloodstock business formerly underwritten by Unicorn.

Unicorn managing director James Truscott said: “XL Insurance recognised the value of our market-leading bloodstock team. Unicorn's strategy has evolved and we saw that the skills and ambitions of the team would be better served within XL Insurance's infrastructure.”