05-Dec-2014

Pioneer Underwriters appoints Richard Coello to Lead Financial Institutions Division

Pioneer Underwriters (‘Pioneer’) announces today, the appointment of Richard Coello as Head of Financial Institutions with immediate effect. He will be supported by existing Senior Underwriter Simon Holt.

Richard was previously Assistant General Manager of Professional Risks at Travelers where he had responsibility for the Financial Institutions, Management Liability and Media & Entertainment teams through both the Insurance Company and Syndicate 5000. Richard was brought into Travelers to launch the FI team in June 2008 and previously worked at Ace in London. An Oxford graduate with over 15 years experience as a fund manager, FI broker and underwriter, Richard won the inaugural Insurance Day Young Underwriter of the Year Award in 2006 and served as Chairman of the IUA’s Banks Underwriting Group in 2012.

Darren Doherty, CEO of Pioneer Underwriters, commented:

“Richard has a wealth of experience in the Financial Institutions sector. His track record for launching and growing market leading books of business in the FI arena, as well as his cross sector experience in financial markets will be invaluable as we grow this important business class as part of our ongoing strategy for the development of Pioneer.”

Richard Coello added:

“I am delighted at having the opportunity to lead Pioneer’s FI team. With outstanding underwriters, a proposition built on the highest quality service and a global remit, we are looking forward to creating an offering unlike any in the market."
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