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Tuesday 04th of March 2008
December 17, 2007

Reshuffle at Advent


by Kay Murchie
”Reshuffle

Advent, the specialist Lloyd’s insurer, has announced the reshuffle of its underwriting team. Furthermore, Richard Finn has been appointed as the firm’s new non-executive director of Advent underwriting Ltd.

Mr Finn has extensive experience of business underwritten by Advent Syndicate 780. This knowledge will contribute to the board’s supervision of the Lloyd’s operations.

Advent has also announced the 2008 business plan for Syndicate 780 which will occur in conjunction with the restructuring of the firm’s underwriting team. The new Head of Reinsurance will be Duncan Lummis while Darren Stockman will take on the role Head of insurance.

Lloyd Tunnicliffe will continue in the capacity of chief underwriting officer.

Next year, Syndicate 780 will operate with £135 million underwriting capacity, with the capital being provided solely by Advent Capital.


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