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London market syndicate names innovation division leaders

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Channel Syndicate 2015 on Thursday said it has launched its innovation division.

The division will support London-based Channel’s commitment to new technologies and target opportunities arising from emerging risks, including cyber, Channel said in a statement.

Tom Allen was named head of technology and cyber insurance. Previously, Mr. Allen was head of technology liability and data protection indemnity at Aspen Syndicate 4711.

Will Thorne has been named innovation leader and will be responsible for Channel’s innovation initiatives, including new product and distribution development. Previously, Mr. Thorne was marine underwriter.

“Technological advances and the digitalization of business will be game changers bringing new challenges to underwriters. The launch of this division and Tom’s appointment will take Channel to the cutting edge of the innovation needed to adapt the offer to changing demands. I am very pleased to have high-caliber individuals like Tom and Will on board to drive this initiative,” Tom Corfield, active underwriter at Channel said in the statement.