Probitas 1492 Invests in High Profile Financial Lines team

The Lloyd’s syndicate has also recruited a Head of Financial Lines, who will drive the team, and a Senior Underwriter–Financial Institutions. Both are set to join the company before the summer.

The team will write across all sectors, with capacity of US$15million and cover will be available globally. Particular focus will be on developing new and accretive business in countries where Lloyd’s is currently underweight; across Europe, MENA, Asia and South America.

Paul Nolan joins from Allianz Global Corporate & Specialty (AGCS) where he played a fundamental role as part of the founding Professional Indemnity team, building a market-leading PI proposition. Prior to Allianz, Nolan held underwriting positions at OIM and AIG.

James Andlaw joins as Senior Underwriter – Management Liability. He has held senior underwriting positions within large insurance firms including QBE and Zurich. Andlaw will bring significant skills to the new team, including both London market and international commercial underwriting experience, plus a keen interest in pioneering technology-driven distribution platforms.

Ash Bathia, CEO of Probitas 1492 commented,

Our aim is to build a world class financial lines practice, optimising the Lloyd’s franchise and brand, particularly in the regional, new and developing markets.