Max appoints duo Hatto and Sprowson to Lloyd's operation
Max Capital Group Ltd. has appointed two senior underwriters - Clive Hatto and Hugh Sprowson - to Max at Lloyd's Ltd., the Lloyd's managing agent for Syndicates 1400, 2525 and 2526.
W Marston (Marty) Becker, chairman and CEO of Max Capital Group Ltd., said: "The addition of Clive and Hugh to the Max at Lloyd's team reflects the company's strategic commitment to both underwriting discipline and market diversity and expansion. These appointments represent an important step in building out the underwriting capability of the Lloyd's platform we acquired in November 2008. It is our intention to continue to add such talented underwriters to the fine existing underwriting team of Max at Lloyd's."
Mr. Hatto has been appointed accident and health underwriter for Lloyd's Syndicate 1400, and will be responsible for writing a portfolio of direct and facultative business from the Syndicate's Box at Lloyd's, to complement the existing book of personal accident and Workmen's Compensation Act Treaty business written out of its Coverholder's office in Copenhagen. He is an Associate of the Chartered Insurance Institute, and has more than 20 years of experience in accident and health underwriting, most recently as class underwriter for Lloyd's Syndicate 2003, managed by Catlin Underwriting Agencies.
Mr. Sprowson has been appointed financial institutions underwriter for Lloyd's Syndicate 1400, and will be augmenting the existing financial institutions underwriting team headed by Bradley Knight. Hugh has more than 15 years of insurance experience, including more than 12 years in financial institutions underwriting, most recently with Lloyd's Syndicate 4444, managed by Canopius Managing Agents.
Matthew Petzold, underwriting director of Max at Lloyd's, said: "We are very pleased that Clive and Hugh are joining Max at Lloyd's. They are both seasoned and accomplished underwriters with a wealth of experience in our marketplace, and will be valuable additions to our team."
Messrs. Hatto and Sprowson are expected to join Max at Lloyd's in October 2009.