Towergate Underwriting has formed a Specialty London Markets underwriting division, by hiring two market leading talents in this important and undeveloped specialist opportunity for the group.
John Murphy and Glenn Marshall will join upon leaving DUAL, an international underwriting agency, where they have headed a specialty liability business for more than three years.
Towergate’s new division will write a general liability portfolio, encompassing employers liability, public liability and products liability and will be based out of the Mitre Street office in London, where an underwriting floor will be created, Towergate said in a statement.
Murphy and Marshall are industry veterans with expensive experience at Lloyd’s and the London market, the company indicated.
With over 35 years’ experience in underwriting liability classes, Murphy started his career at M W Payne Syndicate 386 in the mid-1970’s. Prior to his 10 years at Brit, Murphy was active underwriter at Syndicates 1156 and 2525 at Lloyd’s.
Marshall’s liability career in Lloyd’s began with Syndicate 386 in 1986 followed by Syndicates 1156 and 2525 before joining Brit Global Specialty.
“These are hugely important hires and indisputable evidence that we are attracting the very best talent in the market as we look to take a leading position in this space,” said Adrian Brown, CEO Towergate Underwriting.
“John and Glenn will lead a business which perfectly complements our existing strengths in both the commercial and construction markets across our underwriting brands, bringing added value to our developing London Market capability and to our more established regional businesses,” Brown said.
“We’ve worked closely with our broking customers who are telling us they need improved and direct access to this specialty market and we are hugely excited to be responding to this demand. More broadly, it supports our underwriting ambitions to extend our offering to more clients and to add to our existing capability,” he said.
Source: Towergate Underwriting
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