People Moves: Gallagher Re’s Bousfield to Lockton Re Bermuda; Atrium Names Munich Re’s Cusition as Marine U/W; MS Amlin Hires RSA’s Forsyth as Lead Class Hull U/W

This edition of International People Moves details appointments at reinsurance broker Lockton Re and two insurers: Atrium Underwriters and MS Amlin Underwriting.

A summary of these new hires follows here.

Lockton Re Bermuda Appoints Gallagher Re’s Bousfield as Senior Broker

Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, announced that Patrick (Paddy) Bousfield has joined the Bermuda office as a senior broker.

Bousfield joins from Gallagher Re (previously Capsicum Re) in New York, where he led the cyber offering as part of Gallagher Re’s specialty team. He has over 12 years of treaty and facultative experience working in various global re/insurance hubs including Toronto, Sydney, London and New York.

“Through interactions with clients and markets, we’ve highlighted the specialty/casualty market as an expanding area for Bermuda. Paddy’s background and success in cyber and specialty lines is a sign of our commitment to developing these capabilities locally. Paddy’s strong relationships, entrepreneurial flair and respected expertise is a great fit for our culture,” commented Jonathan Davies, CEO of Lockton Re Bermuda.

Keith Harrison, international CEO, Lockton Re, said: “While Paddy will be based in Bermuda, we operate as global teams in so much of what we do. Paddy will be yet another lynch pin connecting our expertise in London, North America and Bermuda, for our specialty and casualty classes, and no more so than in cyber reinsurance and retrocession.”

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Atrium Names Munich Re’s Cusition as Marine Underwriter

Atrium Underwriters, the London-based managing agent for Lloyd’s Syndicate 609, announced the appointment of Michael Cusition as marine underwriter, reporting to David Sankey, head of Marine.

Cusition joins Atrium from Munich Re, where he held the position of underwriter of Marine & Energy Liabilities. Prior to this, he spent four years as assistant underwriter at XL Catlin where he started his underwriting career.

“Michael has spent the last nine years building a reputation as a quality underwriter, making him a valuable asset to Atrium’s team and I look forward to working with him closely as we continue to drive profitable expansion across our marine business,” said Sankey.

Atrium’s Syndicate 609 is managed by Atrium Underwriters Ltd., a regulated Lloyd’s managing agency, and part of the Atrium Group. Syndicate 609’s capacity for 2021 is £625 million, up from £525 million in 2020.

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MS Amlin Appoints RSA’s Forsyth as Lead Class Underwriter for Hull

MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s global specialty re/insurer, announced the appointment of Stuart Forsyth as lead class underwriter for Hull. He will report directly to Laurence Humberstone, head of Marine.

Bringing more than 30 years of experience across underwriting and broking within the marine re/insurance market, Forsyth will take up his new role in mid-October.

Forsyth joins from RSA where he served as London Market Hull & Liability leader. He began his career at Willis Faber & Dumas, becoming divisional director in 1996. In 1998, he moved to Sedgwick working within their Hull department specializing in Greek and North American Hull business. During his 12 years as a broker, he gained a significant experience in both direct insurance and reinsurance, before serving as CEO of the Scottish Boatowners Mutual for 16 years.

A global re/insurer, MS Amlin is part of the global top-10 insurance group MS&AD, with operations in the Lloyd’s, UK, Continental European and Bermudian markets. Approximately 1,800 people work for the company in more than 20 locations worldwide.

Topics Mississippi A.J. Gallagher