People Moves: D&O MGA Tegron Names Tokio Marine’s Shergill Sr U/W; AXIS Financial Institutions Hires 3 for London Team; Aon Re’s Russell Is Casualty Treaty U/W at Atrium

D&O Insurer Tegron Names Tokio Marine’s Shergill as Senior U/W

Tegron Specialty, the Beat Capital backed D&O underwriting specialist, announced the appointment of Kiran Shergill as senior underwriter. Shergill will report to Ray Pallett, CUO, and assumes her role with immediate effect.

Having amassed considerable experience in the international D&O market during her five years as an underwriter for Tokio Marine HCC, Shergill will play a central role in the development of Tegron’s specialty capabilities. Shergill will be supported by Daniel Brennan who joins Tegron as assistant underwriter.

“Kiran and Daniel are fantastic additions to our expanding team and are indicative of the caliber of talent we are attracting. With her impressive background working with a wide range of both public and private D&O risk carriers across numerous industries and regions, Kiran will be integral as we grow our international portfolio and harness the wealth of opportunities found in the D&O market,” commented Pallett.

Formed this year, Tegron Specialty Ltd. is a specialist underwriting vehicle focused on commercial D&O. Beat Capital is a long-duration investment firm exclusively focused on the insurance industry that supports world-class insurance underwriters seeking to start their own businesses. It provides high quality teams start-up funding, infrastructure, risk capital and “A+” rated paper, plus experienced guidance and support. Beat’s investments operate independently of one another under their own management and brand.

Beat was formed in 2017 and is owned by its management, including founders John Cavanagh and Tom Milligan, Bain Capital Credit, global insurance investor Paraline Group, Ltd. and specialty wholesale insurance distributor AmWINS Group Inc. Beat has backed eight insurance underwriting businesses and in 2018 acquired rights with respect to Lloyd’s Syndicate 4242.

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AXIS Insurance Financial Institutions Hires 3 for London Team

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced three appointments within its Financial Institutions London team, effective immediately.

Beth Convey, Julieta Moya and Mark Sutton all join as senior underwriters. Reporting to Calum McPherson, head of Financial Institutions in London, the new hires will be responsible for deepening relationships with existing distribution partners and exploring new relationships that are accretive and sustainable, underpinning the long-term outlook and strategy for AXIS.

Convey joins from CNA Hardy where she was responsible for underwriting a portfolio of public and private financial institutions and commercial entities. Prior to that, she spent three years as an underwriter at Neon.

Moya was previously a financial institutions lead specialist at Marsh McClennan where she advised clients on insurance opportunities and placement strategy.

Sutton was previously a financial institutions underwriter at Barbican/Arch Insurance Group where he was responsible for business planning and formulating underwriting strategy.

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Atrium Appoints Aon Re’s Russell as Casualty Treaty U/W

Atrium Underwriting, the managing agent for Lloyd’s Syndicate 609, announced the appointment of Toby Russell as casualty treaty underwriter, reporting to Andrew Winyard, head of Casualty Treaty.

Russell joins Atrium from Aon Re, where he worked the past eight years as a broker within the North American Casualty Treaty team.

“Toby has spent the past eight years as part of the Aon North American casualty team and has demonstrated his strong understanding of the U.S. casualty treaty market,” commented Andrew Winyard, head of Casualty Treaty.

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

Topics Insurance Wholesale London Aon Casualty