10 August 2016 Insurance

Pioneer poaches Mitsui Sumitomo CUO for director of underwriting role

Pioneer Underwriters, the underwriting group within Minova Insurance, has appointed Graeme Rayner as group director of underwriting, effective October 3.

Reporting to chief executive officer, Darren Doherty, Rayner will lead Pioneer’s global underwriting operations.

Prior to Pioneer, Rayner most recently served as chief underwriting officer (CUO) for Mitsui Sumitomo Insurance Group, before its acquisition of Amlin.

He has also served as active underwriter of MSIG’s Lloyd’s syndicate 3210, which he joined in 2011. Prior to this he served as managing director of QBE’s commercial business unit.

Rayner succeeds Eamon Brown, who had been appointed to the Pioneer board as an independent non-executive director in 2014, and served as group director of underwriting since August 2015.

Following Rayner’s arrival, Brown will revert to the role of non-executive director.

Doherty commented: “I am delighted that Graeme will be joining Pioneer Underwriters in October. He brings exactly the right experience to execute Pioneer’s strategy of international growth whilst overseeing the continued success and further development of existing group underwriting operations.

“He is held in high regard across the market in recognition of all that he has achieved in a long career spanning a number of senior underwriting roles and will be an integral part of our ambitious plans for Pioneer's unique business model as we continue to build on the solid infrastructure and talent base that we have evolved since 2012.

“I would also like to express thanks to Eamon who has helped steer our underwriting over the last 12 months and look forward to his continued and valued counsel as a non-executive director on our board.”

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