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Ex-Beazley hull chief Young to launch MGA: report

Richard Young, ex of Beazley and before that AEGIS, has lined up capacity from Convex and Markel to launch a tech-enabled marine hull and war MGA, reports Insurance Insider. Convex will provide 50% of the underwriting capacity, as well as take an equity stake in the business, the report stated.

Young had joined Beazley in September 2017 from AEGIS London as a Marine Hull and War underwriter. He became Head of Hull & War in January 2019. From October 2023 Young became a consultant at Clearwater Dynamics, becoming CUO of Clearwater UW Ltd in January 2024.

Last year Beazley recruited Deepa Nathvani from Allianz Global Corporate & Specialty to head up its marine hull and war unit, replacing Young.