AM Specialty looks to build its direct book

Dominick Tassone (pictured) is a man on a mission. On the back of four decades working in the insurance business, he accepted a new challenge in January this year—as chief underwriting officer, AM Specialty. This is the eighth startup he will have worked for in his career—but no other venture has energised him in the way this has, he says.

“I love a challenge and the opportunity of building something from the ground up,” he told Monte Carlo Today. “We have no legacy business and we have the ability, based on critical data, to make sound decisions on programme business that fit within our underwriting platform.

“Strategically, we are building a profitable portfolio of programme business, leveraging long-term relationships with programmes that have yielded underwriting profit throughout the changing market cycles.

“I am very excited about this project and the opportunities we have to build something special.”