Cyber and specialty lines MGA Ascent Underwriting has announced the appointment of Richard Moir as senior underwriter, warranty and indemnity (W&I), effective immediately.
Reporting to Alex Smith, head of W&I, Moir will support the development of the specialist niche line.
He joins from CMS Cameron McKenna Nabarro Olswang LLP, where he served as a corporate associate, advising on M&A transactions across a variety of sectors.
Moir’s appointment is one of several initiatives to enhance Ascent’s W&I capabilities.
Building on its partnership with Luminance, Ascent has integrated its machine learning technology to expose potential risks across the portfolio.
Smith said: “It gives me great pleasure to welcome Richard who will be a great addition to our expanding W&I proposition.”
Paul Western, group chief underwriting officer, added, “Richard’s M&A expertise will be valuable as we continue to build momentum within the W&I space.
“Whilst inevitably there’s a Covid-19-related hiatus, M&A in the SME sector remains underserved by insurers and we’re seeing a growing pipeline of interest.”
