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The business has appointed two to its London team and 16 to its New York unit.
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Current chair Caroline Foulger will retire as a non-executive director following the 2022 annual general meeting.
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Plus the latest changes to the Marsh McLennan senior team and all the top news of the week.
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In his new role, Colin Buchanan will manage a team of 14 underwriters writing cyber, D&O and general liability.
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The market is assessing whether planned single-digit rate rises will outstrip burgeoning claims inflation.
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It has been suggested that a Lloyd’s syndicate could provide a neat solution to the licensing needs of its growing specialty business.
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The Jensten Group has appointed Steve Folkard as group risk and compliance director, effective 1 December, in a role where he will bring more than 30 years of insurance and consultancy experience.
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Axa XL has promoted Olivia Shing to head of underwriting management, UK and Lloyd’s, in a role where she will execute the regional strategy to ensure sustainable profitability.
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Ascot CEO Andrew Brooks will retain the role of chair for the Lloyd’s Market Association (LMA) for a second term following a unanimous board vote for his reappointment.
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The carrier has previously announced an intention to buy up to one million of its common shares.
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The London market has been encouraged by proposals to give the FCA and PRA a statutory objective to promote competitiveness and growth.
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Insurance Insider first reported the carrier’s plans to enter the marine market in August.