Atrium, a specialty insurer at Lloyd’s, has hired Marcus Hawkes as Head of Product Recall, effective Q4 2026, once he has completed his contractual obligations.
In his new role, Hawkes will develop a book of Product Recall business with a focus on automotive manufacturing.
Product Recall is Atrium’s new standalone class, enhancing the firm’s specialty underwriting capability in line with its five-year transformation strategy.
The firm will offer product recall insurance as a standalone product and as a complement to existing casualty business lines.
Product Recall insurance helps businesses respond and recover quickly if they need to recall a product because of a fault or contamination. Atrium notes that the average product recall cost is now $35 million, a figure most companies significantly underestimate.
Hawkes brings over a decade of industry experience, joining Atrium from Apollo, where he most recently served as Executive Underwriter, specialising in automotive product recall insurance.
Prior to that, he was a Product Recall Broker at Lockton and also worked at Marsh.
Peter Laidlaw, Active Underwriter, Syndicate 609, said, “Launching a dedicated Product Recall team is a key milestone for Atrium in our continued development as an expert specialty insurer and the home for market-leading talent. Regardless of size, manufacturers and producers are operating in a climate of increased regulatory and legal scrutiny. Marcus will provide what clients need to help protect their businesses and customers, allowing them to move forward with confidence.
“Marcus has developed a strong reputation and extensive experience in Product Recall underwriting. He will build on his track record for managing complex portfolios across a range of clients, positioning Atrium as a ‘go-to’ market for brokers and clients.”
