Article ID: 60a1c07d30efe37569c709dc8ed5164466fb075cee7977023fd155cbc520361d
Source ID: primary:reinsurancene.ws
Published At: -
Extraction Method: trafilatura
URL: https://www.reinsurancene.ws/atrium-appoints-marcus-hawkes-as-head-of-product-recall/
Body Text
Atrium, a specialty insurer at Lloyd’s, has hired Marcus Hawkes as Head of Product Recall, effective Q4 2026, once he has completed his contractual obligations. In his new role, Hawkes will develop a book of Product Recall business with a focus on automotive manufacturing. Product Recall is Atrium’s new standalone class, enhancing the firm’s specialty underwriting capability in line with its five-year transformation strategy. The firm will offer product recall insurance as a standalone product and as a complement to existing casualty business lines. Product Recall insurance helps businesses respond and recover quickly if they need to recall a product because of a fault or contamination. Atrium notes that the average product recall cost is now $35 million, a figure most companies significantly underestimate. Hawkes brings over a decade of industry experience, joining Atrium from Apollo, where he most recently served as Executive Underwriter, specialising in automotive product recall insurance. Prior to that, he was a Product Recall Broker at Lockton and also worked at Marsh. Peter Laidlaw, Active Underwriter, Syndicate 609, said, “Launching a dedicated Product Recall team is a key milestone for Atrium in our continued development as an expert specialty insurer and the home for market-leading talent. Regardless of size, manufacturers and producers are operating in a climate of increased regulatory and legal scrutiny. Marcus will provide what clients need to help protect their businesses and customers, allowing them to move forward with confidence. “Marcus has developed a strong reputation and extensive experience in Product Recall underwriting. He will build on his track record for managing complex portfolios across a range of clients, positioning Atrium as a ‘go-to’ market for brokers and clients.”
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