Atrium hires Axis Capital trio to launch credit and political risk unit

By Ashish Tiwari

Aug 14 - (The Insurer) – Atrium has hired Richard Lamb from Axis Capital to lead a newly created credit and political risk team, as the specialty insurer looks to build a book in a segment that has gained prominence amid heightened geopolitical tensions.

Beth MacGregor and Adam Vulliamy, also from Axis, would join Lamb in the first quarter of 2026 once they have completed any contractual obligations.

Lamb has over 27 years of experience in the sector, having worked in both underwriting and broking markets.

“In today’s dynamic and increasingly volatile geopolitical landscape, Credit and Political Risk insurance plays a pivotal role in safeguarding investments and facilitating trade,” Atrium CEO John Fowle said.

Demand for credit and political risk insurance has risen from companies and investors as conflicts, sanctions and economic instability disrupt global supply chains.

Earlier in July this year, Parametric insurance specialist Descartes Underwriting entered the credit and political risk insurance market.

Aegis London also had increased its line sizes for sovereign non-payment and political risk to $30 million from $20 million in June.