Hampden Risk Partners’ Syndicate 2689 at Lloyd’s (HRP) has appointed Giancarlo D’Alessandro as head of portfolio underwriting.
An experienced veteran across the sector, D’Alessandro’s 13-year career spans lead underwriting roles at major firms such as AIG and QBE.
Most recently, he served at QBE, where he held the role of Portfolio Manager for Australia and New Zealand.
In the role, he was responsible for a £150 million gross written premium portfolio of general liability clients across large corporate, mid-market and coverholder relationships.
Moreover, during his seven-year tenure at AIG, D’Alessandro mostly served in underwriting focused roles, notably around major risks casualty.
In addition, Syndicate 2689’s 2023 year of account – which was in fact the first year that saw HRP partner on a consortium and quota share reinsurance basis only with outperforming syndicates at Lloyd’s on selected lines of business – is projecting an 84.1% net combined ratio compared with planned metrics of 94.5%.
It is very clear that this projected result has provided somewhat of an early indication as to how HRP’s intelligent follow model can generate meaningful returns to capital providers.
“I am delighted that Giancarlo is joining us. He has gained impressive experience during his 13 years in the insurance industry that will be very beneficial as we continue to see the successes of the intelligent follow model. Moreover, he will bolster the underwriting department of Syndicate 2689,” commented Chris Sharp, active underwriter at Hampden Risk Partners.
“I am thrilled to be joining HRP and am looking forward to working with the team. Following the 2023 results, this is a fantastic time to join HRP and to contribute to the success,” said D’Alessandro.
