GCube names new Head of Onshore Underwriting and Head of London Market Underwriting in move to strengthen successful strategy
London, UK, 12 July 2022 – GCube Underwriting (GCube), a member of the Tokio Marine HCC group of companies and a leading underwriter for renewable energy projects, has appointed two people to senior positions within the organisation. Josh Shimali, who has been with the business for over a decade, has been promoted to Head of Onshore Underwriting, while Olly Litterick has been recruited as Head of London Market Underwriting.
Joining the company from Occam Underwriting Limited, Olly will lead GCube’s London Market Underwriting division, helping build on the company’s recent robust underwriting performance and global expansion. Josh, GCube’s new Head of Onshore Underwriting, will take on responsibility for planning and delivering on GCube’s overall underwriting strategy and ensure the company sustains its successful period of profitability through new and existing business.
Over the last two years, GCube has invested heavily in its people, helping it enter new markets and solidify its position as a leading global renewable energy underwriter. These latest moves, coupled with recent hires across its claims and underwriting teams, will maintain the company’s strong leadership and firmly position it to capture new growth in the renewable energy market.
Josh has over a decade of experience in the renewables space, and his time at GCube has seen him build an intricate knowledge of the business and its client base. Olly brings with him close to 15 years of Underwriting and Brokerage experience, serving previously as Divisional Director at RKH Speciality, Renewable Energy Underwriter at Chaucer Syndicates, and most recently as Director – Head of Low Carbon Energy at Occam Underwriting Limited. The pair will also be contributing to strategic planning and overall underwriting management as the company deploys new resources to build new relationships across the globe.
Fraser McLachlan, CEO, GCube, said: “Through investing in and hiring the best people in the industry we’ve established ourselves as a leading renewables underwriter, which prides itself on the extensive knowledge, experience, and integrity we bring to the market. Our two latest appointments will contribute to defining and building upon our strong underwriting strategy and help generate and sustain our profitable business model in current and future markets. We’re extremely excited to welcome Olly to the organisation and that Josh has elected to accept this new senior role within the business.”
Olly Litterick, Head of London Market Underwriting, GCube, said: “Over the last few years I’ve had the pleasure of watching GCube (from afar) build and consolidate its leading position in the renewable energy insurance market. This, coupled with the company’s exciting recent global expansion and significant, ongoing investment in its people, made the company an obvious choice for this next step. I’m very excited to join the company at this exciting time in the renewable energy insurance space, and I look forward to working with the rest of the specialised team to further consolidate GCube’s leading position in the market.”
Josh Shimali, Head of Onshore Underwriting, GCube, said: “The renewable energy insurance market is witnessing immense growth, with new entrants pouring in, vying for extra capacity and market share. Right now, however, it’s important that market leaders like GCube continue to provide stability to the market by understanding risk properly and sharing best practices with the wider market. This is the strategy that GCube has found success in, and this is the strategy I look forward to crafting and building upon in my new position.”