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StarStone US successor Core Specialty hires four senior property underwriters

Jeff Consolino and Ed Noonan-led insurer Core Specialty has continued the rapid build-out of its property division with the hire of four senior property underwriters.

David Phillips and Christopher Muller have joined the carrier as senior vice presidents of property underwriting, while Laurence Bunin and Adam Tyburski become co-heads of Core’s personal lines fronted programs.

The four senior underwriters are the latest to join Core Specialty following its relaunch in November, after a consortium of PE investors injected $610mn into the business amid a revamp of leadership and underwriting strategy.

Core has since outlined aggressive plans for growth across multiple lines of primary market business, which include the expansion of its excess and surplus (E&S) property book, led by former Nephila underwriting executive Alison Oliphant.

Phillips was most recently head of E&S property for Pioneer Underwriting, and prior to this worked at Maxum E&S Property, Arch Specialty, Wellington Underwriting and J Linneman & Company.

Muller moves to Core from the property division of Axis, where he was a southeast unit manager. He previously worked at Lexington, Ironshore and Montpelier Re.

Core has hired Bunin and Tyburski from Spinnaker Insurance Company. Both underwriters were founding members of Spinnaker, which last August was sold to InsurTech Hippo. Bunin was a senior vice president at Spinnaker, while Tyburski was chief underwriting officer.

Core Specialty CEO and president Consolino, said: “We announced our intention to build a market-leading property division under Alison's leadership in August and I am very pleased that the property division will be active at the outset of the 2021 renewal cycle.”

“By adding Adam and Laurence, we add two executives with hands-on experience starting up and building a successful property fronting business which will further contribute to our growth in 2021 and beyond."

Core Specialty launched in November last year, following the completion of a $610mn deal to recapitalize StarStone’s US operations.

Former Validus chairman and CEO Noonan is executive chairman of the business.

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