MARCH 19 2018
Marcus Granado joins Avondale effective March 19th 2018
Avondale Insurance Associates (Avondale) is pleased to announce that Marcus Granado has joined the Company effective March 19th 2018, as Vice President Underwriting based in the Chicago office. Marcus has over 20 years’ experience in the Excess and Surplus Lines Property Market having started his career at North Shore Management and Associates before more recently working for the Insurance Company of the West. Marcus is a highly regarded DIC specialist that has focused exclusively on the wholesale distribution network his entire career. At Avondale he will be working closely with Broderick Whitaker in Chicago as well as supporting Avondale’s underwriting unit in New Hampshire. Avondale writes a broad array of E&S property occupancies and exposures on a nationwide basis and with Avondale he will be expanding his focus to include fire and wind business as well as DIC.
Commenting on his appointment Avondale President & CEO, Peter Coghlan noted “as we continue to grow Avondale we are always looking for high quality underwriting talent and we are delighted to welcome Marcus to the team. Critically, like all of our underwriters, Marcus has dedicated his career to supporting the wholesale brokerage community. We are excited to add more bench strength to continue to expand the quoting footprint we can offer our valued producers”.
On his appointment Marcus commented “I am thrilled to be joining Avondale at this point in the Company’s development. The Company has an amazing capacity offering and state of the art technology which will allow me to support a substantial submission flow from my friends in the industry. I am particularly excited to have the opportunity to expand into the fire and wind business”.
MARCH 6 2018
Christopher Branch joins Avoca effective March 1st 2018
Avoca is pleased to announce that Chris Branch has joined Avoca Risk Underwriting Solutions (ARUS) effective March 1st 2018, and will work closely with the executive team and Avoca group shareholders to identify and exploit strategic opportunities on behalf of the company.
Chris has over 30 years' experience in the insurance industry having started his career as a broker in the London market working for Benfield, Jardine and Grieg Fester before joining CIGNA Corp to establish an international A & H reinsurance division, CIGNA RE Europe based in London. During this time Chris was also responsible for the creation of CIGNA’s corporate Lloyds syndicate one of the first corporate members in the London market.
Leaving CIGNA in 2000, Chris set up Momentum Underwriting Management (MUM) a global leading A & H MGU with offices in London, Brisbane and Chicago. MUM was acquired in late 2008 by The Beazley Group, at the time the third largest entity within Lloyds of London. On leaving Beazley, Chris occupied himself while on garden leave by producing the Oscar winning, “The Lady in Number 6 – Music Saved My Life” which won the Academy Award for best Short Documentary.
Group CEO Andrew Carvill commented: "I am very excited to have Chris join our Team; his entrepreneurial nature and deep business experience will prove a significant asset. Aside from welcoming a partner and longtime friend to help drive our business forward, Chris has a deep understanding of the A&H market which represents an exciting growth opportunity for our firm and is highly complementary to our core P&C operations".
Commenting on his appointment Mr. Branch added "I having been looking for the right opportunity in the underwriting space for the next phase of my career. Avoca blends state of the art technology with best in class underwriting in the sectors in which it operates. It has attracted an outstanding line up of global insurance and reinsurance capacity and is heavily focused on returning above average underwriting results to its partners. The company remains privately held and independent and offers an excellent platform from which Specialty niches can be built and underwritten successfully. I am very excited to join the team and help the company continue to grow".
Avondale Launches E&S General Liability Unit
Boston, MA, August 3, 2017 – Avondale Insurance Associates is delighted to announce the launch of a Casualty unit to complement its Property Team. The casualty team, led by Andrew Forrest (CUO) firstname.lastname@example.org and Peter May (SVP/head of broker relations) email@example.com, will have the authority to write across a broad array of GL classes covering in excess of 500 discrete class codes.
"I have worked with both Andy and Peter in the past and know that they are a perfect cultural fit for the company that we are building at Avondale, combining deep underwriting expertise with a huge desire to service their producers," said Peter Coghlan, President & CEO of Avondale.
The new General Liability product will be underpinned by one of the Group’s key risk capital partners rated AA- (stable) by S & P and A+XV (Stable) by AM Best. The facility will focus on small to mid-sized Excess and Surplus lines accounts, and will only be open to appointed Wholesale partners due to Avondale’s commitment to the Wholesale Brokerage community.
"Across our Group of companies, we are committed to providing best in class financial security and we are fortunate to work with world class Insurance and Reinsurance firms," said Andrew Carvill, CEO of Avondale’s parent company Avoca Insurance Holdings.
"We are excited by the opportunity to expand our product offering to the wholesale community with an experienced team that will provide our partners with a competitive option," says Peter. "Our success is linked and any opportunity to be able to better service the growing needs of our wholesalers is mutually beneficial."
Full Equipment Breakdown to be automatically included for over 20 occupancy classes
Following a soft launch in Q1 2017, Avondale is now offering full equipment breakdown coverage at no additional cost.
Ethan Gow promoted to Vice President of Risk Capital and Distribution
Ethan Gow has been promoted to a senior position within the Avondale operations team. Reporting directly to CEO, Peter Coghlan, Ethan will be responsible for managing Avondale's growing number of major risk capital relationships. He will further spearhead a new unit looking at product enhancements designed to assist the company's key producing clients.
Brian Allen promoted to Associate Property Underwriter
Brian Allen has been promoted from Avondale trainee, transferring from the operations team in Manchester to join John Argos's underwriting team in Boston, MA. Brian will initially be supporting John Argos, Andrew Lagos and Taylor Hodges with a focus on NE and CA producers.