Talbot expands Australian presence, strengthens financial team

March 24
6:50 AM 2016

Talbot Underwriting Ltd is expanding its financial lines business in Australia. For this, it has strengthened financial team with induction of finance professionals. The new underwriters at its financial lines team will drive business growth in Australia.

Talbot Underwriting, a wholly-owned subsidiary of Validus Holdings Ltd, has appointed David McKenzie and David Jones as class underwriters at its financial lines team. 

News Channel 10 reports that Talbot is attracting new talent that supports it expansion plan in Australia. Talbot is offering different underwriting services to Australia's financial sector. New recruits are expected to contribute to the success of Talbot in addition to expanding its footprint in Australia.

Adam Matteson, Managing Director at Talbot Australia, said: "We are thrilled to welcome David McKenzie and David Jones to the Talbot team here in Australia. Having worked in Brisbane, Sydney and London, Talbot's new recruits have a proven track record of developing unique solutions for the Australian financial institutions market. I look forward to the opportunities they will bring to our organization."

Business Wire further adds that Talbot Underwriting operates within Lloyd's insurance market through Syndicate 1183. Talbot is engaged in underwriting through Syndicate 1183 in marine, aviation, transport, energy, terrorism, political risk, accident and health, construction, contingency, financial institutions and property segments.

James Skinner, an Active Underwriter at Talbot, said: "As Talbot expands its platform in Australia, it is imperative that we bring in talented individuals with deep expertise in Australia's financial institutions sector. I am confident that their experience and knowledge of the market will be invaluable as we continue to support our clients and grow our footprint in the region."

David McKenzie has over 25 years of experience in insurance, alternative insurance products and financial markets. He served as State Manager at Axis Specialty Australia in Queensland. David had also served at Aon and Willis. He was founding manager of a proprietary trading firm that invested in varied financial products.

Syndicate 1183 has capacity of  £600 million for 2016 underwriting year of account. Talbot Underwriting Ltd is one of the investment advisors to Validus Holdings Ltd. The varied exposure of Talbot will further support its expansion plan in Australia. Validus Holdings is a holding company for reinsurance and insurance operating companies, as reported by Yahoo Finance.

David Jones has over 20 years of experience in insurance and banking markets. He recently served as State Manager of Victoria at Axis Specialty Australia. He worked at several financial institutions with different responsibilities. He had worked at Chubb Insurance and Commonwealth Bank of Australia.

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