GCube hires head of London Market Underwriting

Renewable specialist GCube Underwriting (GCube), a member of the Tokio Marine HCC group of companies, has recruited Olly Litterick as head of London Market Underwriting.

Joining the company from Occam Underwriting Limited, Litterick will lead GCube’s London Market Underwriting division as part of the company’s global expansion.

The company has also promoted Josh Shimali to head of Onshore Underwriting, taking on responsibility for planning and delivering on the company’s overall underwriting strategy through new and existing business.

Fraser McLachlan, CEO, GCube, said: “Our two latest appointments will contribute to defining and building upon our strong underwriting strategy and help generate and sustain our profitable business model in current and future markets.”

Shimali added: “The renewable energy insurance market is witnessing immense growth, with new entrants pouring in, vying for extra capacity and market share.

”Right now, however, it’s important that market leaders like GCube continue to provide stability to the market by understanding risk properly and sharing best practices with the wider market.

”This is the strategy that GCube has found success in, and this is the strategy I look forward to crafting and building upon in my new position.”

Litterick was previously divisional director at RKH Speciality, Renewable Energy Underwriter at Chaucer Syndicates, and most recently as director – head of Low Carbon Energy at Occam Underwriting Limited.