Pioneer Underwriters, a subsidiary of Minova Insurance, has appointed two former XL Catlin executives to launch a professional liability division.
Dan Cleary and Nick Chen have been appointed vice presidents of the division which will focus on securities broker-dealers. The team will initially target the US retail financial services market.
They will both report to Gary Dubois, president of Pioneer Special Risk (PSR), based in New York.
Cleary and Chen join from XL Catlin’s select professional division, having previously worked together at NY Magic, now part of ProSight Specialty.