25 April 2014 Insurance

Aqua Underwriting appoints executive director

Insurer Aqua Underwriting has appointed Scott Brown as executive director in the commercial division. He will contribute to the division’s growth by developing new products for distribution through specialist UK brokers.

Brown has extensive experience of the commercial insurance market and most recently was chief executive officer of commercial lines & bespoke underwriting at Towergate Partnership.

Before this Brown was managing director of Fusion Insurance Services, which specialises in risk management-led SME propositions for commercial brokers.

Graham Elliott, chief executive officer of Aqua, said: “Across Aqua, our strategy is the same: to grow our business by creating flexible niche products for professional distribution. We are already growing strongly in the UK private insurance sector and are seeing similar success with our recent international product launches in terrorism, Caribbean property and marine. Scott’s experience and product development expertise will allow us to put greater focus on new products for the UK commercial sector.”

Brown: “The UK commercial market is competitive, but there is both market capacity and broker appetite for insurance products that intelligently address niche areas of commercial risk. Aqua’s highly targeted approach and strong relationships with insurers and producing brokers mean it can quickly identify areas of need and opportunity and bring relevant products to market.”

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