International General Insurance Holdings Limited (IGI), the international specialist commercial insurer and reinsurer, has appointed Marc Sullivan as Class Underwriter, Downstream Energy, based in its London office.
Sullivan joins the company from Barbican Insurance Group, where he also served as Class Underwriter for Downstream Energy.
Prior to Barbican, he spent eight years at CV Starr, first as an Underwriting Assistant before working his way up to Senior Underwriter.
In his new role, Sullivan will be responsible for maintaining IGI’s current book of business for downstream energy, including oil, gas & petrochemicals.
“I am delighted to welcome Marc to the team in London,” said Graham Hensman, Head of Energy at IGI.
“Energy has always been and continues to be a core book of business for IGI, and Marc’s experience and market reputation make him an important addition to our team of underwriters who are based in London, Dubai, Kuala Lumpur, Casablanca, and Amman, Jordan,” Hensman continued.
“Marc’s appointment is part of our ongoing commitment to strengthening the depth of our underwriting talent.”
Sullivan also commented: “It is an exciting time to be joining IGI as the Company enters its next phase of growth and evolution. The Downstream Energy market has gone through a particularly challenging phase in its cycle, with carriers pulling out due to inappropriate pricing levels combined with a sustained level of losses.
“IGI’s strategy has enabled the Company to successfully underwrite their way through the soft market, leaving them in a strong position going forward as the market continues to harden.”
