underwriting company Globe announces the hiring of two crucial personnel
Globe Underwriting has made several key appointments as it expands into the financial lines market and launches its first professional indemnity (PI) proposition. Paul Nolan, with over 20 years of London market underwriting experience, has been appointed as the head of financial lines. He will lead the overall underwriting strategy and portfolio management across financial lines, including professional indemnity, management liability, and financial institutions [1].
Nolan's market leadership and proven track record in growing profitable books are seen as ideal for driving Globe's financial lines growth strategy. Prior to joining Globe, he held senior roles at AIG, AGCS, and Probitas Syndicate 1492, where he managed a diversified portfolio with a combined gross written premium of approximately £80 million [1].
In addition to Nolan's appointment, Kiran Wignall has been appointed as underwriting manager for professional indemnity. Wignall brings 12 years of specialist underwriting experience, having worked at AGCS and Hiscox before joining Probitas Syndicate 1492 [1]. In her new role, she will be responsible for the underwriting strategy, growth, and profitability of the PI book. Wignall's appointment reflects Globe's dedication to delivering expert-led, service-driven underwriting solutions tailored to meet the evolving needs of brokers and clients [1].
The appointments mark Globe's expansion into the financial lines market, which also includes a new capacity deal for international professional indemnity risks. This expansion comes as BGLi, a leading digital distributor of insurance and household financial services, announces a new position of Managing Director of Distribution. Laura Mullaney, formerly Customer Director for BGLi, has been promoted into this new position [2].
Pen Underwriting has also expanded its partnership with global (re)insurer SiriusPoint, with SiriusPoint providing 100% capacity for Pen's international PI portfolio [3].
Meanwhile, iSure, a specialist SME insurance MGA in Ireland, has announced the launch of a Professional Indemnity (PI) facility. The facility has a €2m primary and a €3m excess of loss limit [4].
These developments underscore the growing demand for expert underwriting solutions in the financial lines market and Globe's commitment to meeting this demand with its new appointments and expansion into this market segment.
References:
[1] Globe Underwriting [2] BGLi [3] Pen Underwriting [4] iSure MGA
- Globe Underwriting's expansion into the financial lines market, as marked by key appointments and the launch of its first professional indemnity proposition, is driven by the growing demand for expert underwriting solutions in this market.
- The appointments of Paul Nolan and Kiran Wignall at Globe Underwriting, along with developments such as Pen Underwriting's expanded partnership with SiriusPoint and iSure's new PI facility, showcase the increasing role of underwriting, technology, and finance in the business world.
