QBE has created a new team to launch an environmental impairment liability (EIL) product.
Wayne Harrington, portfolio manager and Ellie Merkin, assistant underwriter have joined QBE to create and market the EIL product. Harrington joined from ACE, where he helped establish the environmental risk product line and most recently held the role of UK & Ireland manager for environmental risk. Prior to that he was a vice-president at ACE Financial Solutions International and held a number of roles at Marsh.
Merkin has over six years experience in the Contaminated Land industry. Before joining QBE she was an Environmental Consultant at Watts Group where she specialised in Phase I Environmental Audits and Phase II intrusive investigation and site remediation. Prior to that she was an Environmental Engineer at Bureau Veritas and a Contaminated Land Assistant at Bracknell Forest Borough Council.
Using both Lloyd’s and company paper, the EIL product will be offered on a stand-alone and bolt-on basis with up to US$30m coverage per loss. The team will be further bolstered by the appointment of an additional underwriter before the end of the year.
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