Pioneer creates single global platform for Financial Institutions
Pioneer Underwriters (“Pioneer”) today announces it has unified its Financial Institutions (FI) businesses into one overarching global underwriting operation. Richard Coello leads the global FI team which will be responsible for all FI business written by Pioneer, utilizing the same capital base to write business from its offices in London, Brussels and New York.
Rolando Rodriguez has joined the global FI team and will be based in New York. He was previously Vice President for Diversified Financial Services at Pioneer and his expertise enables US brokers to access Pioneer’s capital base directly in the US.
Graeme Rayner, Group CUO of Pioneer, said: “It is a key Pioneer ambition to build on its position as a leading global asset management insurance specialist and this multi-platform, single strategy approach will help us achieve this aim. With one capital base and a clear, focused risk appetite, the team is ready and geared to offer a market-leading proposition.”
ENDS
For further information, please contact:
Haggie Partners
Peter Rigby
Tel: + 44 20 7562 4444
Becky Young
Tel: + 44 20 7562 4444
Jakub Stawiski
Tel: + 44 20 7562 4444
Notes for Editors
About Pioneer
Pioneer Underwriters, the underwriting group within Minova Insurance Holdings Ltd, operates Pioneer Syndicate 1980, which underwrites a broad cross-section of business including Property, Casualty, Marine and Energy. As a Group, Pioneer manages in excess of £300m of premium through 16 underwriting teams across Property, Marine and Casualty classes. Pioneer underwrites via over 30 facilities operating through Lloyd’s and Non-Lloyd’s platforms. Pioneer has delegated authority arrangements with 29 markets, TOBA’s with 150 London and overseas brokers and nationwide distribution capability across the US.
For more information, visit: http://www.pioneeruw.com/