Laurence Winter is set to join Lloyd’s platform Acappella to lead its marine liability business, re-Insurance.com understands.
News of Winter’s appointment at Acappella comes days after this publication revealed the Pembroke-owned syndicate had shuttered its cargo book.
Winter joins Acappella from the now defunct marine team at AmTrust, which re-Insurance.com revealed had shuttered its book last month.
It is understood that Winter tendered his notice at AmTrust’s £284.4mn Syndicate 1861 before the carrier axed its cargo, hull and marine liability book.
Acappella’s marine book includes marine liability, war and terrorism as well as the no-longer operational cargo business.
It booked £22.9mn in gross written premium in 2017.
The business is written through Acappella’s £185.6mn Syndicate 2014, which reported a £21.1mn loss last year on the back of a combined ratio that swelled to 117.1 percent.
The marine liability line of business underwrites general marine liability, including third party, ship repairs, charterers, marine contractors and terminal operators.
The account also includes upstream energy liability as well as ports and terminals.
Acappella started life as Special Purpose Syndicate 6110 in 2012 and became a standalone syndicate in 2014. The carrier started out as a Pembroke-Willis Towers Watson joint venture.
Winter’s appointment follows the departure of Suzanne Ward from Acappella who jumped ship from the marine liability team at Acappella for the Standard Syndicate.
Acappella declined to comment.