The Lloyd’s offshoot of Caribbean-based Sagicor has increased its credit, bond and political risk expertise following the arrival of Mark Chappels as class underwriter.
Chappels has joined from Guy Carpenter where he helped build up the reinsurance broker’s expertise within the field having first joined the firm in 2006. In his new job, he has been tasked with enhancing the reputation of Sagicor at Lloyd’s within the reinsurance arena.
“Mark brings a lot of experience and fresh ideas to the Sagicor at Lloyd’s team and I am delighted to have him lead our credit, bond and political risk business line,” said Geoff Halpin, active underwriter and chief executive of Sagicor’s syndicate 1206.
And while Chappels has joined Sagicor from a broker, he also has some underwriting experience under his belt, having previously worked for Transatlantic Re, although he actually started his insurance career with Aon.
In total, he has more than 15 years’ experience in the insurance industry.