London headquartered managing general agency (MGA), Aurous Risk Partners, has announced the appointment of two energy underwriters, both of which previously held positions at reinsurer Qatar Re and global insurer Zurich.
Both Animesh Majrekar and Robert Little joined the company towards the end of last year, and started underwriting in the energy sector around the recent January 2019 renewals.
Majrekar, joining from Qatar Re, has been appointed Risk Partner – Energy, and is responsible for managing Aurous’ downstream energy portfolio. While at Qatar Re he was an energy underwriter, and he began his insurance industry career at Zurich Insurance Company.
Robert Little has also been appointed Risk Partner – Energy, and takes responsibility for the company’s upstream energy portfolio. He also joins the firm from reinsurance company Qatar Re, where he most recently worked as an energy underwriter.
Little has also worked at Zurich Insurance Company as an upstream energy underwriter, and he started his career in the industry at global insurance and reinsurance broker Willis Towers Watson.
The division is set to focus on both upstream and downstream energy risks, which includes property damage, third-party liability, business interruption, and loss of production risks. It will also offer offshore energy protection, and onshore energy production and transportation risks.
Chief Executive Officer (CEO) of Aurous Risk Partners, Carl Beardmore, commented: “Rob and Animesh represent a new and refreshing approach to always providing superior solutions for brokers and clients. We’re delighted to have them as part of the Aurous team. They’ll contribute greatly to our vision of ‘not being your conventional MGA.”
Aurous Risk Partners was established as a joint venture between OneAdvent and Aurous’ management team, designed to focus initially on international specialty reinsurance.
Furthermore, the company has said that in 2019, alongside its energy underwriting, it expects to underwrite global property, political violence and terrorism, and also aviation lines.