Argenta Syndicate Management Limited (ASML), which manages Lloyd’s, has hired Stephen Haynes as a marine excess of loss underwriter.
Haynes will be based in London and will work as an underwriter. He will report to Heath Callan, Argenta’s head of energy and marine insurance.
Haynes joins Argenta from AXIS Re, where he was the global head of energy and marine reinsurance. He has nearly 40 years of experience in the energy and marine insurance markets. He joined AXIS after the company acquired Novae.
He was previously the marine and energy reinsurance class underwriter at Novae. Haynes has also worked for Platinum Re, St. Paul Re, and Catlin Underwriting Services as a senior underwriter. He worked as a marine and aviation reinsurance class underwriter there. He had a few brokering jobs when he first started working in insurance, the majority of which were in marine treaty and facultative placing and claims broking.
“It’s been a tough time for the global energy and marine industries,” Callan said of the appointment. The ongoing conflict in Ukraine, determining how to make energy transitions, and growing concerns about Environmental, Social, and Governance (ESG) remain challenges for the energy sector. The marine industry is still dealing with the effects of the COVID-19 pandemic, including supply chain issues, port congestion, and crew issues. Because the world is constantly changing, there will be new risks to deal with in 2023.”
Callan stated that Haynes’ strong industry connections and deep knowledge of the energy and marine industries will assist Argenta in providing the necessary support to its partners and clients.
“I am delighted to welcome Stephen to Argenta,” said Ian Burford, director of underwriting for Syndicate 2121 and an active underwriter for ASML. ” His appointment demonstrates that we are committed to improving our energy and maritime services. Because of his expertise and track record, Stephen has a strong reputation in the energy and marine reinsurance markets. He’ll be an excellent addition to the Argenta team.
Argenta Holdings Limited’s group chief executive, Andrew Annandale, announced in July that he will leave the company at the end of the year. Nick Moore, ASML’s deputy MD and chief actuary for the past 13 years, will take over.