The Lloyd’s managing agency Argenta Syndicate Management Limited (ASML) has announced the appointment of Stephen Haynes as marine excess of loss underwriter.
As underwriter, Haynes will be based in London and report to Argenta head of energy and marine insurance Heath Callan.
With nearly four decades of experience in the energy and marine insurance market, Haynes joins Argenta from AXIS Re, where he was head of global energy and marine reinsurance. He joined AXIS as part of the company’s acquisition of Novae, where he previously held the role of class underwriter, marine and energy reinsurance. Haynes has also served senior underwriting positions at Platinum Re, St Paul Re and was class underwriter, marine and aviation reinsurance, at Catlin Underwriting Services. He began his insurance career in a number of broking positions, mainly focused on marine treaty and facultative placing and claims broking.
Commenting on the appointment Callan said: “It’s been a challenging period for global energy and marine industries. The ongoing conflict in Ukraine, navigating energy transitions, and the evolving concerns surrounding Environmental, Social & Governance (ESG) continues to challenge the energy sector - while the lingering impacts of the COVID-19 pandemic and the subsequent supply chain disruption, port congestion and crew issues have posed challenges in the marine industry. The constantly changing environment will bring new risk challenges in 2023.”
Callan said that Haynes’ deep understanding of the energy and marine sector, as well as his strong contacts in the industry, will ensure that Argenta can provide its partners and clients with the support they need.
“I am delighted to welcome Stephen to Argenta,” said ASML active underwriter and Syndicate 2121 director of underwriting Ian Burford. “His appointment gives a clear signal of our commitment to develop our current energy and marine offering. With his specialty expertise and excellent track record, Stephen brings his great reputation in the energy and marine reinsurance market to Argenta and will be a great addition to the team.”
In July, Argenta Holdings Limited group chief executive Andrew Annandale announced that he is retiring by the end of the year. He will be succeeded by ASML deputy MD and chief actuary Nick Moore, who has been serving the company for 13 years.