Published 24 07 2023
Press Release
London and Dubai: 24th July 2023
Arma Underwriting Ltd, a leading MGA based in London & Dubai is pleased to announce commencement of writing Upstream energy business. The addition of this new line will enable Arma Underwriting to demonstrate its capabilities in the complete energy value chain and enhance product offerings.
Patrick Choffel brings 47 years of international insurance experience, spending the last 17 years in the MEASA region. He has held a number of senior executive positions worldwide during his tenure with AIG. His last position with the Group was Regional President for ALICO in Dubai, UAE. In 2011, Patrick was appointed CEO of the largest insurance player in the UAE, and since June 2015, he is serving as a Board Member for a number of (re)insurance players in the region.
Patrick has extensive experience in international expansion, both organic and inorganic, and in advising clients on growing / launching new operations in MENA.
Patroklos Konstantinides is a qualified Actuary, with over 8 years professional experience in the region. He specialises in creating various data visualisations to manage portfolio performances, developing rating tools for both commercial and consumer lines of businesses, reserving, enterprise risk management and reinsurance capital modelling. He supports the team in formulating underwriting strategy, planning and tracking through data driven analytics and insights.
Prasad Fernando, a Chartered Insurer and qualified Life and Medical Underwriter from Assurance Medical Society, has more than 20 years professional experience of Consumer Lines underwriting and distribution with leading multi-national life and non-life insurers. He specialises in developing and managing frameworks for direct marketing, affinity and work site marketing, bancassurance business, travel insurance and E&M Commerce.
Prasad has been in region for more than 8 years and prior to joining Arma had managed one of the region’s largest and most profitable Consumer Lines book.
Sourav Dey, a Chartered Mechanical Engineer and Associate of Chartered Insurance Institute, London, has more than 17 years’ professional experience of managing the global portfolios of energy business lines.
Prior to joining Arma, Sourav had headed Energy and Engineering lines of business for the largest local companies in UAE and Qatar, and had demonstrated strong capabilities in building and managing portfolio above USD 100 Million.
Michael Rafter is an innovative insurance executive with more than 30 years of experience covering various senior roles across the globe, with 11 years based in the UAE. Formerly the Head of General Insurance at Oman Insurance Company, Michael has a long career in underwriting in the Middle East and other emerging markets, having previously held senior roles at AIG. His career has spanned all aspects of commercial and consumer lines through general management, underwriting, brokerage and reinsurance.
Michael is based in Arma’s offices in London.
Simon Norton is Chief Underwriting Officer at Asta.
Simon has worked in the London Market for over 30 years working in a number of senior underwriting and management positions, including Lloyd’s.
Throughout his career, Simon has gained extensive experience of managing underwriting portfolios, advising on clients’ strategy and helping them deliver their objectives.
Simon was appointed Chief Underwriting Officer in 2014 and is also a member of the board of Asta Capital Ltd.
Tyson is an experienced professional with more than 18 years exposure to underwriting Casualty & Professional lines. A market leader on Casualty lines of business with 10 years based in MENA region, specialised in underwriting and developing mid-market & corporate business across all industries including major infrastructure projects, construction, energy, retail/commercial, hospitality, manufacturing, trades & specialized industries. Prior to joining Arma, Tyson had been in lead Underwriting positions with both local & multi-national Insurers/Reinsurers in the UAE and Australia.