Reinsurance News

Ascent Underwriting adds Moir as senior underwriter within W&I

20th May 2020 - Author: Charlie Wood

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.”

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
COVID-19 reinsurance impact of $82bn could turn pricing: analysts

Analysts at Morgan Stanley have estimated that a scenario including a projected COVID-19 reinsurance impact of $82 billion could lead...