Insurer’s marine expertise swelled by ex-Lumley crew

by Maryvonne Gray 05 Sep 2014

Insurer’s marine expertise swelled by ex-Lumley crew

QBE New Zealand has nabbed two experienced marine underwriters from Lumley for its marine department after Graeme Orchard’s departure to Nautilus Marine.
 
Ken Monk, who is now QBE’s marine national manager, has over 20 years’ experience from a wide range of roles with some of New Zealand’s major insurance providers, most recently as relationship manager at Lumley.
 
He is joined by senior marine underwriter Aaron Osborne, who has clocked up 12 years insurance industry experience, including eight years in marine insurance and previous experience working for Lloyd’s Underwriting Agencies in London.
 
A spokesperson for QBE said: “Ken feels that this role is a good combination of his insurance background and his passion for boating – he is a competitive yachtsman in his spare time.”
 
Osborne said he was looking forward to building on his existing relationships and ‘making it happen’ as part of the QBE team.
 
Industry observers may notice a pattern forming – Monk and Osborne have joined another Monk – Alistair Monk – who is marine business development underwriter who joined QBE a year ago after coming from… Lumley Insurance.
 
The two Monks are apparently not related however.
 
The appointments have coincided with QBE’s new pleasurecraft policy, aimed at brokers with books of over $100,000 GWP.

New wording covers the boat and its accessories/equipment, including trailer and personal effects; legal liabilities arising from its use (or use of a substitute boat); and personal accident/medical expenses with yacht racing risks available as an option.
 
The QBE spokesperson said: “The marine pleasurecraft product is only intended for ‘blocks’ of business rather than individual business and we are therefore able to tailor it according to needs.
 
“We do not advertise the wording as being available individually or directly.”