Although they have both recently set up shops in the United States to write small-to-midsized professional liability accounts, two London-based organizations say they've brought a bit of home to their new underwriting operations here.
“I think there's a different emphasis sometimes on underwriting in London versus the United States,” said Johnny Rowell, head of specialty operations for Beazley Group in London, who spoke with National Underwriter in Chicago last month at the international conference of the Professional Liability Underwriting Society.
“In the risk-taking environment at Lloyd's, you go from broking to underwriting, whereas here [in the U.S.] often you go from broking to underwriting to management,” he said. “There's much more of a culture and ethos about underwriting,” he added–noting that in London, most underwriters embrace the idea of spending their entire careers as senior underwriters, rather than moving on to supervise scores of lower-level underwriting associates.
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