Former head of property treaty at Hardy Underwriting wants division to earn £15m in 2013/14

Lloyd's building

Pioneer Underwriting has appointed David Carson to spearhead its new Pioneer Cat division, which will underwrite property catastrophe reinsurance.

Carson, former head of property treaty at Hardy Underwriting, will run the new operation and will start underwriting this month.

Pioneer wants the division to have an income of £15m for 2013/14, from a portfolio of long-standing profitable business sourced from brokers, with the rest coming from retrocession.

The portfolio will contain both US and international business.

Pioneer chief executive Darren Doherty said: “This is an extremely exciting venture for Pioneer and the appointment of David Carson shows the calibre of industry professionals who are reallocating their business to us.” 

Carson said: “I am extremely pleased to be joining Pioneer during this exciting phase of expansion.”