Chris Stafford-Hill, who resigned from his position at Sompo International recently (IMN July 14th), appears to be heading for Hamilton, which is looking to enter the marine hull market, if local reports are correct.
Improved pricing has attracted new capacity to the hull market, despite the sector’s long-standing reputation within the Lloyd’s market for being consistently loss-making. This time round it is felt to be different, although not all agree that market wide there has been a level of rate increase to provide for sub-100% combined ratios.
Stafford-Hill had worked as a senior vice president for underwriting marine hull and liability at Sompo International since 2015.
Previously Stafford-Hill had been at Montpelier Syndicate 5151, GE Frankona and Amlin – starting his insurance career with LG Cox Syndicate 590 from 1994 to 2000.