Arrow Risk Management has announced the launch of a Political Violence and Terrorism (PVT) Reinsurance Underwriting Practice with the appointment of Mark Chappels as Practice Leader.
Chappels is highly regarded in the PVT reinsurance market having played a leading role in this class for more than twenty years. During his career, he has held senior positions at AmTrust Syndicate, Guy Carpenter and Transatlantic Re.
Business will be written on the Arrow MGA platform, taking advantage of its comprehensive operational services and carrier data provision delivered through its Quiver technology model.
Commenting on the announcement, Mark Harrington, Arrow Risk’s Chief Underwriting Officer, said: “Mark is a highly respected figure in the PVT market reflecting his deep sector knowledge and breadth of industry relationships. The Arrow Risk platform provides him with an efficient, flexible and robust trading environment to enter the market on a secure footing and develop a well-diversified and sustainable portfolio. Mark is a great addition to the Arrow Risk team.”
Chappels added: “I am delighted to be back in the market at what is an exciting time for the PVT class, and am looking forward to working with both long-established carrier partners and new markets. Working with the Arrow team provides me with the ideal operational platform upon which to write business.”
