London MGA Tempo gets Kuwait Re capacity for treaty lines

25 Jan 2013

Tempo Underwriting, a multi-line MGA which launched in London last April, has added a treaty reinsurance team to its platform that will write marine and aviation treaty from 1 January 2013.

The new business lines will target cedants based in Africa, Europe and Asia and is backed by capacity provided by Kuwait Re, the firm said in a statement.

The treaty team will be headed by Tunde Olowofila, a composite treaty and retro underwriter, who was head of treaty at Q-Re for three years before joining Tempo last year.

He was previously a treaty underwriter at Canopius and at Endurance, and specialised in marine and energy.

Tempo also writes commercial directors’ and officers’ business, retro and non-marine and energy treaty lines. It has a seven-strong team, including four managers who set the agency up last year.

According to media reports, the MGA has set an ambitious target of writing up to

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