Marine, Energy & Engineering grows with new key hire appointment

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Sompo Canopius announced today the hire of Spencer Pearce as head of heavy industry, adding a new key appointment to a number or recent senior ones.

Joining from AIG, Pearce will report to Sompo Canopius head of marine, energy & engineering –a new line of business covering mining, onshore energy and heavy industrial property business globally–, Mike Southgate, and will work closely with the existing engineering and power outage teams.

The group chief underwriting officer, Mike Duffy, said: “I’ve been trying to persuade Spencer to join us for almost a decade. The timing was never quite right before, but I’m very pleased that we have finally ‘got our man’. One of the things that we’re currently doing is tightening our focus from a broad spectrum of products onto fewer key areas where we believe we can add value to our brokers and clients. Spencer will be a significant part of that and we know that brokers and clients are very interested in the heavy industry coverage that he can offer.”