Specialist Lloyd's insurer Jubilee has announced a strategic move to grow its specialty term life business across both underwriting and distribution.
Jubilee, which underwrites term assurance products both within the UK and globally for private individuals, employees, corporate and affinity business, also announced it was hiring Swiss Re's head of global life & health underwriting, David O'Sullivan.
The appointment follows a six month strategic review of the business and represents a long-term development of Jubilee's life proposition, across individual, group and affinity markets.
Johnny Rowell, Chief Executive of Jubilee said: "David's appointment represents an important strategic commitment for us as we look to build on our existing specialty expertise in both the underwriting and distribution of term life products.
"David brings considerable experience in the specialty life arena and will play a crucial role in enabling us to achieve our future aspirations."
O'Sullivan said:" This class has experienced a resurgence in recent years with Jubilee remaining at the forefront of underwriting and servicing in what continues to be a key growth area for Lloyd's.
