Lloyd’s insurer ArgoGlobal has entered the livestock insurance market with the launch of a new offering and the hiring of an underwriter from a rival firm.
The company recently announced the appointment of Louisa Honeybun as senior livestock underwriter. She will be responsible for developing the insurer’s livestock offering and will report to John Moffatt, head of specialty.
Moffatt said Honeybun is the “ideal candidate” to launch ArgoGlobal’s new livestock proposition.
“She has proven her ability to develop profitable books of business based on an in-depth understanding of the sector and expert risk selection,” Moffatt said.
“There are clear growth opportunities in this market, and I am certain that our new offering will swiftly gain traction under Louisa’s management,” he added.
Honeybun brings more than 10 years of experience in the livestock sector to ArgoGlobal. She joins from MS Amlin where she served as a livestock underwriter.
In her most recent role, Honeybun was instrumental in the development and growth of the portfolio and the significant reduction of the loss ratio.
Honeybun also previously served as assistant underwriter at Crowe Livestock, where she started her insurance career as a trainee claims handler.
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