Africa Specialty Risks (ASR) has appointed Phillip Murphy (pictured above) as medical malpractice senior underwriter. Murphy will be based in London and report to Martin Boreham, active underwriter and director of underwriting.
Murphy’s responsibilities will include broadening the medical malpractice underwriting line at ASR, which is currently part of a suite of liability solutions. His role will involve increasing geographic coverage and expanding broker relationships across Africa and other developing markets.
With more than 20 years of experience in medical malpractice insurance, Murphy has worked with major institutional healthcare providers, including physician groups and long-term care organizations.
Before joining ASR, Murphy served as senior underwriter, medical malpractice liability at Elysium Insure, a trading name of Costero Insurance Brokers Ltd, where he established and led the international medical malpractice product line for the past three years. He previously led the same product line at China Re from 2017 to 2019 and has held positions at Dashwood Brewer & Phipps, BMS, Miller, Aon, and Willis.
ASR will manage the runoff of the medical malpractice binding authorities currently underwritten by Elysium and supported by ASR. Both companies will work together to oversee the remaining premiums and claims associated with the Elysium Binder.
“We have a long-standing relationship with Phillip, having worked closely with him and Elysium Insure. I’m delighted to welcome him to ASR where we are looking to expand this product line and service an increase demand across developing markets. I look forward to working closely with him and enhancing our offering in this line,” Boreham said.
Earlier this year, ASR also strengthened its digital capabilities with the launch of ASR 24-7, an automated underwriting portal for authorized brokers. The portal supports renewable energy and directors and officers liability risks, with plans to add property, political violence, terrorism, and additional energy lines.
In addition to its digital expansion, ASR also recently partnered with the Nairobi International Financial Centre Authority to support a US$2 billion de-risking initiative in Kenya. The agreement is designed to stabilize foreign investment by providing risk mitigation for projects in sectors such as infrastructure, energy, logistics, and trade.
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