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Clearwater Underwriting launches Crisis Management underwriting unit
The new business, led by Tim Strong, will initially target Active Assailant and Terrorism & Political Violence risks and expand the product suite as the portfolio grows.
Clearwater Underwriting, a specialty insurer focused on marine risks, has expanded into Crisis Management with the appointment of Tim Strong as Managing Director, Crisis Management, tasked with building and leading a dedicated crisis unit.
The new portfolio will initially focus on Active Assailant and Terrorism & Political Violence, with plans to expand the product suite as the business grows. The firm said the approach will combine technical underwriting expertise with insight into how geopolitical and security risks are evolving.
Reinsurance News reports Strong brings more than 15 years of experience in crisis management, terrorism, and political violence, most recently serving as Head of Crisis Management at Aspen. Earlier, he held underwriting roles at Aspen Insurance Group for more than a decade, including as Head of Crisis Management.
Clearwater also said there is strong demand for specialized Crisis Management products amid a more volatile geopolitical backdrop, and it plans to use a technology enabled, disciplined underwriting approach as it builds the capability over time.