Sarah Carr has joined Bowring Marsh as financial and professional liability placement leader in Bermuda, the firm announced.

Bowring Marsh is the international placement specialist of insurance broker and risk adviser Marsh.

Ms Carr will report to Chris Reeves, chief executive officer, president and chief operating officer of Bowring Marsh Bermuda.

The firm said Ms Carr is responsible for leading a team serving a predominantly Fortune 1000 client base by negotiating financial and professional insurance coverage with Bermudian insurers.

Ms Carr has nearly 20 years of experience in the insurance industry. She most recently worked at AIG Bermuda as a vice-president, where she was responsible for underwriting directors and officers, errors and omissions, fiduciary, crime, cyber, and employment practices liability insurance for financial institutions, investment managers, as well as media and telecommunications, energy, technology and manufacturing, and retail firms.

Prior to returning to Bermuda and joining AIG in 2009, Ms Carr was a specialised risk underwriter in New York for XL Capital Assurance, a financial guarantor. In this role, she structured international financial institutions and commodity-based future flow transactions and insurance-linked securitisations, including catastrophe and mortality bonds, the company said.

Ms Carr said: “I am delighted to be joining Bowring Marsh to lead the Bermuda Finpro placement team. The firm has an excellent reputation both globally and locally, and I am excited by the opportunity to utilise Marsh’s broking platform to support growth and innovation in the Bermuda financial lines market.”

She added: “From a personal perspective, there has also been the added enjoyment of sharing the news with my parents as my father had a rewarding 20-year career at Marsh in Bermuda.”

Mr Reeves said: “Sarah’s background in underwriting and renowned technical knowledge provides a different dimension to Bowring Marsh’s client offering and added perspective to our internal training capabilities, which I see as especially valuable in today’s more challenging market.”