Towergate has announced the creation of a London Underwriting Centre.
The new unit, to be led by David Leathem as London director of underwriting, will focus on establishing and developing specialist London market product lines and will provide a unique entrepreneurial opportunity in the market for the best underwriting capability.
Leathem, who joins from The Channel Syndicate, where he was a founding partner, will lead the establishment of a direct and facultative international property unit, which will operate alongside the casualty and liability unit following the appointments of John Marshall and Glenn Murphy, with further lines to be added.
Speaking about the appointment, Adrian Brown, CEO of underwriting at Towergate, outlined that Leathem is the perfect fit for the new role.
“The creation of a London Underwriting Centre represents a genuine opportunity for us to build a leading position in the market, one which our broking customers are telling us is increasingly crucial to their own businesses,” he said. “David is the first choice candidate to lead this charge and brings unrivalled market experience to the table.”
CEO David Ross shares Brown’s enthusiasm for the appointment describing Leathem as “one of the most charismatic and formidable traders of his generation.”
“From early discussions, it was clear that his ambition matched ours; to build a specialised unit housing a varied and leading edge portfolio, fronted by the very best talent in the market,” he said.
“We are absolutely delighted that David has agreed to join us; it’s yet another vote of confidence in the tremendous platform we are creating. There are phenomenal opportunities in this space and I know that David will help us take a market leading position.”
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