Pioneer Launches Financial Institutions Offering

09 September, 2014

Pioneer Underwriting Limited (Pioneer) is pleased to announce the launch of its Financial Institutions (FI) offering with the appointment of Simon Holt as Financial Institutions Underwriter. Pioneer expects to grow the team further with additional senior appointments as it builds its market leading underwriting position in the sector.

Underwriting capacity for Pioneer’s FI offering will be provided by Lloyd’s market carriers recognised for their expertise in the financial institutions marketplace as well as Incidental Syndicate Number (ISN) 1980. Pioneer’s specialist underwriting will be focused on the global fund management industry together with some additional financial institutions, although specifically excluding large banks. Initial maximum line size will be £10m. This is a unique offering to the fund manager sector, which to date has only been served by financial institutions generalists.

Prior to joining Pioneer, Simon was Product Manager, Financial Institutions at Travelers, a position he held for 5 years. Simon has extensive Lloyd’s and London market underwriting expertise with 11 years financial institutions and commercial directors and officers experience. In September 2012, Simon won the Insurance Insider’s Young Underwriter of the Year Award. Simon is a Chartered Insurer (ACII) and holds the Investment Management Certificate.

Pioneer’s Chief Executive Officer Darren Doherty said: “I am excited to welcome Simon to launch Pioneer’s Financial Institutions underwriting capability. His knowledge of the market and existing relationships will play a key part in positioning Pioneer as we grow as a market leader in the provision of specialist financial institutions business.”

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