New A&H Lloyd’s insurer launched
Insurance industry investor Beat Capital Partners has launched a new accident and health (A&H) underwriter, RedRiff Agency Ltd.
Peter Wilkins will join from QBE as CEO of RedRiff this month. Underwriting is set to begin in January next year.
RedRiff said it will provide cover for a “broad range” of specialised A&H insurance and reinsurance. The firm will underwrite through a Lloyd’s consortium led by Best Syndicate 4242.
Wilkins brings more than 35 years of A&H experience to RedRiff. He was most recently QBE Re’s Global CUO, after spending 18 years as head of specialty.
He also led the A&H account for QBE Syndicate 566.
“I am delighted to be working with Beat to establish a new business. At a time when we are seeing strong conditions in the A&H market, the challenge of establishing a new competitor is an exciting prospect and, with the backing of Beat, I’m confident that we won’t be considered a new entrant for very long,” said Wilkins.
