Liechtenstein-based Glacier Insurance has started its underwriting operations in London, reported Business Insurance.
According to the publication, the company’s London operations will be responsible for writing marine, war and terrorism, UK property, general aviation, space and London market casualty business. The company expects to generate between $30 million to $40 million premium from its London operations during 2008.
The company has appointed Steven Price as the new managing director of London office. Prior to this, Mr Price was with Securit Re, where he was CEO and also a co-founder of the company.