Following ‘In Principle’ Lloyd’s approval, Probitas 1492 has announced the launch of “AdA SPA 2024” – a Special Purpose Arrangement (SPA) for the 2024 YOA.
The SPA is headed up by ex-Munich Re Syndicate Deputy CUO Natasha Jodrell, who commented, “We are excited to develop an underwriter-led platform, delivering profit across the cycle supporting clients and London market brokers with strong leadership in both underwriting and claims.”
Jodrell is a marine & specialty insurance veteran, having spent nearly thirty years at the Watkins Syndicate and Munich Re Syndicate focusing on strategic planning, reinsurance, and corporate culture.
According to Probitas, the AdA team will look to develop a diverse portfolio of marine & specialty business building out from the existing portfolio that they have underwritten on behalf of Probitas 1492 Syndicate for the 2023 year of account.
The portfolio was produced following the arrival of the ex-Munich Re energy team headed up by James Grainger, who said, “We are delighted to be part of the Probitas family who share our corporate culture and client-focused goals. They have been incredibly supportive as we develop the AdA platform.”
Antony Dodson, Probitas CUO and Active Underwriter, commented, “We are very pleased to have received in-principal approval for the AdA SPA for 2024. Probitas is looking forward to using its expertise and capital to support the AdA team deliver market-leading performance and client service for which they are renowned.”
Jodrell concluded, “I would also like to acknowledge the strong support of our reinsurers and consortium partners, as well as Howden Tiger as our advisers throughout the process.”
