Munich Re Syndicate taps head of marine from AXA XL

Munich Re Syndicate has appointed Rob McAdams as head of marine, based in London.

McAdams takes over from Simon Parnell who is retiring following 21 years at the Syndicate. McAdams will oversee the global syndicate’s marine portfolio and help drive the underwriting business across cargo, fine art & specie, hull, yacht, and war, with a focus on providing clients with comprehensive and competitive risk solutions.

McAdams joins Munich Re Syndicate with over 20 years of experience. Previously, he was the global marine chief underwriting officer at AXA XL, where he led the underwriting team in the development, execution and accountability of the financial and operational plans across multiple legal entities (including Lloyd’s), products and geographies.

Dominick Hoare, group chief underwriting officer for the Munich Re Syndicate, said: “As one of the largest underwriters of Marine insurance in Lloyd’s, we are delighted that an individual of the calibre of Rob McAdams will be joining the Munich Re Syndicate as our Head of Marine.”