Probitas 1492 has announced the promotion of Paul Nolan to head of professional indemnity and financial institutions, effective immediately.
In his new role, Nolan will work closely with Ernesto Medina, head of financial institutions, broadening his responsibility for the strategic direction and portfolio management for both PI and FI, within the wider Financial Lines team.
Medina will continue to be responsible for the underwriting of the FI account, whilst reporting into and collaborating with Nolan who will drive the team’s direction and provide stewardship to drive the book forward.
Nolan brings considerable experience to the role, with a proven track record in building a successful PI book for the syndicate.
Neila Buurman, chief underwriting officer casualty said: “This is a strategic internal promotion, as a direct result of Paul’s demonstrable ability to navigate market conditions and consistently deliver impressive results on our PI book. Under his leadership, we believe we can further strengthen our position within the FI market for the syndicate.”