Speciality insurance group Newline has appointed Markus Schäfer as Senior Underwriter, General Liability at Newline Insurance Company Limited in Cologne.
Newline set up offices in Cologne last year after announcing in May that it had selected the city as the location for the European Union (EU) insurance hub of Newline Insurance Company.
Schäfer joins Newline from CNA Hardy, where he most recently served as Underwriting Manager for Healthcare & Technology, based in Cologne.
He has 17 years of experience in the German insurance industry and began at CNA Hardy in 2015, before which he worked at ARAG as Head of Underwriting for lines of business including casualty, property and legal expenses.
Prior to this, Schäfer served as Head of Operations for AXA Group in Cologne, with responsibility for all business in Medical Malpractice and Property, before which he was Coordinator for Insurance Procurement at Deutsche Ärzte Finanz.
“We are very pleased to have Markus on our team,” said Manuel Wirtz, Newline’s General Representative for Germany. “His vast expertise and reputation in the liability insurance market will foster Newline’s growth in this segment.”
Newline operates through its two underwriting platforms, Newline Syndicate 1218 at Lloyd’s and Newline Insurance Company, underwriting international casualty and cargo business globally from its headquarters in London, offices in Cologne, Leeds, Malaysia, Melbourne, Singapore and Toronto, and presence at Lloyd’s China in Shanghai.
It is a part of the Odyssey Group, a global underwriter of reinsurance and specialty insurance, which is in turn owned by Fairfax Financial Holdings Limited.