4 April 2014 Insurance

Endurance hires professional lines exec from AXIS

Bermuda-based re/insurer Endurance Specialty has appointed an executive vice president from Axis Insurance.

Richard Allen, formerly senior vice president and International Financial Institutions manager at Axis Insurance, has joined Endurance as executive vice president and head of International Professional Lines in the London office.

Prior to that, he held various professional liability underwriting and management roles over a period of 12 years with Novae Syndicates and began his career as a financial institutions underwriter at Chubb Insurance Company of Europe.

Allen's responsibilities will include Endurance's International Professional Indemnity, Financial Institutions and Commercial D&O lines of business. He will report to Graham Evans, who joined Endurance in 2013 as chief executive officer of international insurance.

Allen has nearly 20 years of experience, having held a series of underwriting and management roles in the international professional lines market with a focus on financial institutions.

Evans said: "With Richard's extensive network of broker contacts in the London, European, Australian and South African markets and his track record building new books of business, we look forward to quickly establishing Endurance as a recognized global Professional Lines market. In addition, as we expand our international operation to include additional specialty lines, Richard will be a valued member of our insurance leadership team in London."

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