Castel Specialty Taps White to Lead New Political Risk Division

Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk.

Led by Tom White, Castel Political Risk will primarily underwrite contract frustration and political risk coverages, typically focusing on business in Latin America, the Middle East and Africa.

White was previously senior underwriter at ANV, now AMTrust, where he helped to establish their political risk book. Prior to this he was political risk underwriter at Liberty Syndicates and spent a number of years at Willis Towers Watson within their political risk team.

Castel Specialty provides the infrastructure, capacity and business support for experienced underwriters looking to underwrite their own books of business.

Castel Underwriting Agencies Limited, part of Barbican Insurance Group, is a managing general agent (MGA) and club-style MGA formation platform.