New MGA Arrow Risk snares former AXIS/Novae exec for first underwriting practice launch

Arrow Risk Management, a new specialist managing general agent (MGA) platform in the London market, has launched its first underwriting practice with the hiring of a former AXIS and Novae executive with over 35 years of specialist experience in North American delegated underwriting.

Toby Gorman (pictured) joins the firm as underwriting practice leader for property binders.

Gorman will lead Arrow Risk’s first underwriting practice, and be responsible for developing and managing a portfolio of North American property binder business with a focus on residential properties and small commercial entities.

Gorman most recently was unit head of the North American delegated binding authority business at AXIS Capital, having joined the company in 2017, following its acquisition of Novae Group, where he led the US property facilities. During his career, he has also held underwriting roles at GLR Syndicate and GW Price Syndicate.

Arrow Risk commenced trading on December 1 under the leadership of former Barbican Insurance Group executives Jon Godfray (CEO) and Mark Harrington (CUO). Its management team also includes Mark Bridges (COO) and Lloyd Howson (CFO).

Harrington, chief underwriting officer, said: “At Arrow Risk, we are committed to recruiting best-in-class underwriters with a reputation for writing quality business and the appointment of Toby demonstrates that. He brings considerable market knowledge and underwriting expertise in the North American property arena and has a strong track record in managing successful portfolios.”

Gorman added: “I am delighted to be joining a team with such a proven pedigree in the MGA sector. The platform that Arrow Risk has created provides the perfect environment to establish the practice given their dedication to data-driven underwriting, high-level analytics and a strong governance culture. This is a fantastic opportunity, and I am looking forward to working with Mark, Jon and the team.”

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