Hampden Risk Partners’ Syndicate 2689 at Lloyd’s (HRP) is pleased to announce the appointment of Giancarlo D’Alessandro to the role of head of portfolio underwriting. D’Alessandro’s appointment further strengthens the underwriting and analytical capabilities at HRP as it continues its successful reset of its ‘intelligent follow model’.
Syndicate 2689’s 2023 year of account, the first year which saw HRP partner on a consortium and quota share reinsurance basis only with outperforming syndicates at Lloyd’s on selected lines of business, is projecting an 84.1% net combined ratio compared with planned metrics of 94.5%. This projected result has provided an early indication as to how HRP’s intelligent follow model can generate meaningful returns to capital providers.
D’Alessandro’s 13-year career spans lead underwriting roles at AIG and QBE where he was most recently responsible for a £150m gross written premium portfolio of general liability clients across large corporate, mid-market and coverholder relationships.
Chris Sharp, active underwriter at Hampden Risk Partners said: “I am delighted that Giancarlo is joining us. He has gained impressive experience during his 13 years in the insurance industry that will be very beneficial as we continue to see the successes of the intelligent follow model. Moreover, he will bolster the underwriting department of Syndicate 2689.”
D’Alessandro added: “I am thrilled to be joining HRP and am looking forward to working with the team. Following the 2023 results, this is a fantastic time to join HRP and to contribute to the success.”