17 July 2017Insurance

Patria Re hires Berkley Re duo into its Lloyd’s vehicle

Ironshore International’s Pembroke Managing Agency, the third-party managing agent for Patria Re, a Lloyd’s approved Special Purpose Arrangement (SPA), has added a number of treaty property leaders to the Patria Re underwriting team.

Nicolas Benardout, most recently head of Property Treaty and part of the original team that established Berkley Re UK, has been appointed divisional director. Benardout also previously led property treaty underwriting activities at Chaucer Syndicate, Hartford Re, and Mercantile and General Re.

Jack Bunting, an assistant underwriter at Berkley Re, joins as assistant underwriter for Patria Re’s International Property Treaty business lines.

“The Patria Re Lloyd’s SPA has built a broad and diverse portfolio based on established Patria Re relationships,” said Chris Brown, Pembroke strategic partnership director. “Nick and Jack’s expertise will enable the SPA to continue to build on the robust foundation that has been established.”

Patria Re underwrites a diverse portfolio of property casualty programmes for Latin American cedents. Patria Re established the SPA PAT6125 in 2016 as the first Mexican reinsurer at Lloyd’s.

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Today’s stories

Big cyber attack could cost $53bn in economic losses, Lloyd’s warns

Nexus snaps up trade credit MGA Equinox Global

US insurance costs would soar if border adjustment tax is passed

Arnott Marine hires Sullivan to boost cargo MGA

TransRe appoints global head of business development

Lloyd’s underwriting head departs for Tokio Millennium Re

Guy Carpenter hires Arch exec to lead advisory capabilities in US

Sirius boosts environmental unit with Great American and Starr hires

Don't miss our monthly insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
5 September 2016   Probitas syndicate 1492 has expanded its Latin America presence with the appointment of Lloyd’s current Mexico country manager, Gabriel Anguiano, as head of strategy and business development, effective later in the year.
Insurance
8 December 2015   Latin American reinsurer Patria Re has announced that together with Ironshore’s Pembroke Managing Agency, it has received Lloyd’s approval to establish a special purpose syndicate (SPS).