MS Amlin shakes up underwriting management in business reboot strategy; hires new CUO
Lloyd’s re/insurer MS Amlin Underwriting has appointed Andrew Carrier as chief underwriting officer (CUO), a new position created as part of the company's business transformation plan.
As part of the simplification of its 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 at the end of September 2020.
Carrier will take up the role on September 7th and report directly to Tom Clementi, CEO of MS AUL.
In the newly created role, 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 for future success.
Clementi 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," Clementi added. "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.”
