Argenta poaches specialist financial/professional lines/casualty team

Lloyd's authorised managing agency Argenta Syndicate Management, a subsidiary of Argenta Holdings – a subsidiary of Hannover Re - has recruited a team of experienced underwriters to develop a book of casualty business on behalf of its managed Syndicate 2121 with a significant quota share from SPA 6134. They are expected to attract gross written premium of circa £130 million in 2020.

The team, led by Bradley Knight and supported by a further five class underwriters, has many years’ experience within the Lloyd’s Market. Knight will report to active underwriter Ian Maguire.

The team joins ASML from Vibe Syndicate Management where it underwrote a portfolio of financial institutions, professional indemnity, North American specialty and casualty treaty business. The team of 15 includes senior class underwriters Hugh Sprowson, Andy Palmer, Matt Waghorn, Ken Rowlands and Duncan King.

Andrew Annandale, managing director of ASML and CEO of Argenta Holdings said: “The addition of this respected and experienced team of underwriters is a core component of Argenta’s strategy for growing the overall business and further developing the balance and diversification of the portfolio.”

Ian Maguire, active underwriter said: “Bradley and his team have an excellent track record within the Lloyd’s environment and are well supported by the broking community. The broad experience and expertise of the team in the casualty class will be a valuable addition to ASML’s underwriting capabilities and will play an important role in developing the business as a whole.”

Bradley Knight added: “I am delighted to be joining Argenta with my team. Argenta is an entrepreneurial and growing business with very strong support from its parent Hannover Re and will make an excellent home for us.”