11-Feb-2015

Pioneer Natural Resources Commences Underwriting

Pioneer Underwriters (‘Pioneer’) announces its new Zurich based underwriting business Pioneer Natural Resources (PNR) has commenced underwriting. PNR will be led by newly appointed Colm Kelly as Head of Natural Resources.

Supported by selected syndicates at Lloyd’s (rated A+ by S&P), PNR will initially underwrite a portfolio of global onshore energy risks in London. PNR will bring fresh technical expertise and thought leadership to the Lloyd’s market, offering sophisticated insurance solutions and enhanced service standards to a global client-base.

Colm Kelly has over 25 years experience as a leading onshore and offshore energy underwriter. He was previously Chief Underwriting Officer at Infrassure, prior to that he was the onshore energy insurance lead at Swiss Re. He started his career at the Mobil Oil Co, following a degree in chemical engineering at Queens’ University, Belfast.

He will be joined by Philip Wallace as Head of Claims & Operations, and Underwriters Alireza Damouzehtash and Zainab Noppa. The team, also all previously at Infrassure, has a strong engineering background. Darren Doherty, CEO of Pioneer Underwriters, commented:

“I am very pleased that Pioneer Natural Resources has started underwriting and want to welcome Colm and his team, as we develop our global energy specialism. His knowledge of the market and existing relationships will play a key part in positioning Pioneer as a leader in this specialist insurance sector.”

Colm Kelly said:

“Pioneer’s market presence and reach makes an excellent platform from which to build a leading global energy insurance portfolio. I look forward to offering our clients first class energy products backed by market leading service standards.”
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