Coverys appoints David Hipkin as Non-Executive Director
London - September 18, 2019 - Coverys Managing Agency Limited, the Lloyd’s managing agent of Syndicates 1975, 1991 and 3330, today announced the appointment of David Hipkin as a Non-Executive Director to its board, subject to regulatory approval.
Hipkin brings nearly four decades of senior underwriting and management experience in the Lloyd’s market to Coverys. He began his career as a broker at CT Bowring & Co, before joining I C Agnew Underwriting Ltd in 1986. Following the sale of Agnew to Wellington Underwriting Plc in 1991, he was appointed Casualty Underwriter at Syndicate 672 where he managed a highly profitable book of marine, energy and construction related business. In 1999 he joined Atrium Underwriting’s Syndicate 609 and was instrumental in its exceptional growth from 2002 onwards. He served as an Executive Director of Atrium’s managing agency from 2001 to 2005.
In 2005, Hipkin joined Arch Insurance Company (Europe) Ltd and in 2008 was appointed as Chief Underwriting Officer of their combined Lloyd’s and Company market operations. In this role he led a team of over 50 underwriters producing US $500M of annual GWP spread across 15 separate classes of business. He retired from Arch in 2016 and now serves as a consultant to a number of businesses in the London market.
Robin McCoy, CEO of Coverys Managing Agency, said, “I am delighted to welcome David to the Coverys board. He has an exceptional reputation as an underwriter and leader. We have a number of new initiatives in the pipeline for the Managing Agency and Syndicate 1975 which will ensure we maintain the momentum we have built up since our launch at the beginning of 2018. David’s specialist underwriting background and experience will be invaluable as we continue to expand our market share and develop these new areas. I am certain he will challenge us to set new targets and provide us with key insights. I look forward to working with him.”
David Hipkin, Non-Executive Director, Coverys Managing Agency, said, “Coverys is a specialist underwriter and Robin and his team at the Managing Agency have clearly stated that they want to work with like-minded individuals and businesses. I believe that this is the correct approach for our market and I was delighted to be asked to join their board.”