IGI taps Barbican class underwriter for downstream energy portfolio

Specialist commercial re/insurer International General Insurance Holdings (IGI) has appointed Marc Sullivan as class underwriter, downstream energy, based in the company's London office.

Sullivan joins IGI from Barbican Insurance Group, where he worked as class underwriter for downstream energy. Prior to that, he spent eight years at CV Starr, where he worked his way up through the ranks from underwriting assistant to senior underwriter. Sullivan's expertise has focused on international and US downstream energy market risks.

In his new role, Sullivan will be responsible for maintaining IGI’s current book of business for downstream energy, including oil, gas and petrochemicals.

Graham Hensman, head of energy at IGI, said: “I am delighted to welcome Marc to the team in London. Energy has always been and continues to be a core book of business for IGI, and Marc’s experience and market reputation make him an important addition to our team of underwriters who are based in London, Dubai, Kuala Lumpur, Casablanca, and Amman, Jordan. Marc’s appointment is part of our ongoing commitment to strengthening the depth of our underwriting talent.”

Sullivan commented: “It is an exciting time to be joining IGI as the Company enters its next phase of growth and evolution. The Downstream Energy market has gone through a particularly challenging phase in its cycle, with carriers pulling out due to inappropriate pricing levels combined with a sustained level of losses. IGI’s strategy has enabled the Company to successfully underwrite their way through the soft market, leaving them in a strong position going forward as the market continues to harden.”