Managing general agent Alta Signa has formed a European marine underwriting unit to be led by Francesco Dubbioso in Italy.
In a release, the MGA said the head of technical underwriting for marine will be joined by group claims manager Marie Lepelletier, marine technical accounting and operations manager Simona Ballestrero, head of technical underwriting for cargo Barbara Vida, and head of technical underwriting for hull & yachts Danilo Fiore.
Dubbioso, Vida, and Fiore were appointed earlier this month as part of the new underwriting structure at Alta Signa.
“I am delighted to be launching our new marine underwriting business and am extremely proud of the quality of the team we were able to attract,” Dubbioso, who came on board last September as country manager, commented. “The European marine market is expected to present niche growth opportunities in 2024 and beyond for those MGAs who are agile enough to address the unique challenges in this sector.
“In an environment where differentiation and relevance are key, I am extremely excited by the opportunities this presents for nimble businesses such as the one we have now assembled at Alta Signa. I can't wait to start this new venture with a team of highly motivated experts.”
Alta Signa chief executive Gerard Van Loon added: “The arrival of this brilliant new marine underwriting team adds a new strategic arrow to the Alta Signa bow, and I am thrilled they decided to join our MGA family.
“With the new marine line of business, we aim to become even more meaningful to our distribution partners by broadening our portfolio beyond the financial, professional, and cyber lines of business. We welcome the new team to Alta Signa, and I know that we will benefit enormously from their broad range of highly relevant market experience and expertise.”
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