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IGI hires downstream energy class underwriter in London

IGI hires downstream energy class underwriter in London | Insurance Business UK

IGI hires downstream energy class underwriter in London

International General Insurance Holdings (IGI) has given its London team a boost by bringing in Marc Sullivan to serve as class underwriter for downstream energy.

Moving from Barbican Insurance Group where he held the same position, Sullivan will be in charge of maintaining the specialist commercial (re)insurer’s current book of business for downstream energy including oil, gas, and petrochemicals. His credentials include eight years spent at CV Starr.

“It is an exciting time to be joining IGI as the company enters its next phase of growth and evolution,” commented the class underwriter, whose expertise has focused on international and US downstream energy market risks.

“The downstream energy market has gone through a particularly challenging phase in its cycle, with carriers pulling out due to inappropriate pricing levels combined with a sustained level of losses. IGI’s strategy has enabled the company to successfully underwrite their way through the soft market, leaving them in a strong position going forward as the market continues to harden.”

Meanwhile energy head Graham Hensman said the appointment is part of an ongoing commitment to strengthening the depth of their underwriting talent.

“I am delighted to welcome Marc to the team in London,” noted Hensman. “Energy has always been and continues to be a core book of business for IGI, and Marc’s experience and market reputation make him an important addition to our team of underwriters who are based in London, Dubai, Kuala Lumpur, Casablanca, and Amman, Jordan.”