The Barbican Insurance Group has strengthened its political and trade credit risk team with the hiring of an industry veteran who has been in the Lloyd’s market for more than two decades.
The company has named George Doughty as class underwriter, political and trade credit risks. He will report to Jessica Johnson, class underwriter, malicious acts.
Doughty said Barbican “excels on underwriting often highly complex risks.”
“The current political risk and trade credit insurance market is an extremely challenging and competitive one,” he said. “It requires a high level of underwriting judgement and the ability to create innovative solutions to mitigate risks from ever changing and often unpredictable global economic and political conditions.”
Doughty has over 30 years of experience in political and trade credit risks, including eight years as a specialist broker and over 20 years as a Lloyd’s underwriter.
Most recently, he served as class underwriter, political risk, trade credit and terrorism at Argo Syndicate 1200. He also worked at Hardy Syndicate 382, Faraday Syndicate 435 and Secretan Syndicate 367.
As a former broker, Doughty was also a director at Berry Palmer & Lyle and a manager at Investment Insurance International.
"George has a fantastic level of experience in the political risk and credit arena, stretching back over three decades,” Johnson said.
“Over that period, he has developed an in-depth market insight and established an extensive range of client and broker relationships around the world, making him a great addition to our ranks.”
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