MS Amlin Underwriting Limited (MS AUL), the Lloyd’s (re)insurer, today announces the appointment of Andrew Carrier as Chief Underwriting Officer (CUO), subject to regulatory approval. Carrier will take up the role on 7th September and report directly to Tom Clementi, CEO of MS AUL.
In the newly created role of CUO, Carrier will be responsible for managing all of MS AUL’s underwriting business, including the syndicate’s Reinsurance and Specialty Insurance divisions. Carrier will review MS AUL’s underwriting portfolio and strategy, with a view to repositioning the business, where necessary, for future success. The appointment is a further step forward in MS AUL’s ambition, supported by its ultimate parent MS&AD Group, to transform the business into a highly successful specialty (re)insurer.
As part of the ongoing simplification of MS AUL’s operating model, the previous Co-CUO management structure of MS AUL will be dissolved and the Co-CUOs for Specialty Insurance, Andrew Wright and Mark Clements, along with the CUO for Reinsurance, Phil Wooldridge, will step down from their roles on 30th September 2020.
Tom Clementi, CEO of MS AUL said: “Following the changes in our structure which took effect at the beginning of this year, we have continued on our transformation plan to build a world-class (re)insurance business specialising in complex specialty and reinsurance risks. We have removed group and legacy MS Amlin plc structures, making our insurance companies leaner, stand-alone entities, strengthened our MS AUL governance and increased the expertise of our independent NEDs with the appointments of Johan Slabbert and Martin Hudson announced in May.
“A renewed approach to disciplined underwriting will be central to the success of our long-term strategy and the creation of Andrew’s role, and
his appointment, is a natural next step in this process. I am delighted to welcome him to the MS AUL team. Andrew’s depth of leadership and industry experience, combined with his strong track record of successfully managing and delivering growth for high-profile (re)insurance business, will be integral to supporting MS AUL as we continue to create a more modern, relevant, profitable and client-focused business built around the expertise of our people.
“I would like to take this opportunity to thank Andrew, Mark and Phil, whose contributions to the business over the years have been significant.
Their years of hard work and commitment have helped to position the business well for the future, and we are grateful that they will continue to serve on the MS AUL team until September to ensure a smooth transition for our brokers and insureds.”
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