19 March 2014 Insurance

Advent strengthens marine division

Lloyd’s insurer Advent has strengthened its specialty line offering with the appointment of Gary Cooke to its marine division as cargo underwriter. The division currently underwrites marine hull, war, liability, aviation war and specie insurance and reinsurance.

The announcement follows the recent appointment of William Beveridge as chief underwriting officer and active underwriter of Syndicate 780, which writes a broad spread of London market focussed insurance and reinsurance lines.

Beveridge said: “Gary’s appointment further enhances our growing marine team, adds strength to our market presence, and further complements our presence in the upstream energy sector.”

The marine division is led by James Bavin, reporting to Beveridge. Bavin is supported by James Wilkie (marine liability) and Simon Lovell (hull). All three have joined Advent over the past six months and are underwriting from Advent’s ground floor box in Lloyd’s.

Beveridge added: “To attract underwriters of this calibre underlines our intent to build a business centred on technical underwriting expertise in specialty lines with market leading expertise.”

Nigel Fitzgerald, CEO of Advent, said: “The development of our marine team is part of a continued investment by Advent and highlights our ability to attract quality people as we position ourselves as a service orientated specialty underwriting company. Our investment in Marine follows the earlier launch of our Accident & Health division, and we will continue to carefully explore opportunities.”

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