Obsidian swoops for SCOR's Aldorisio as chief underwriting officer

Genstar-backed new fronting insurance holding company Obsidian has hired Andrew Aldorisio as chief underwriting officer (CUO) from SCOR.

Obsidian was formed earlier this year in partnership with insurance industry executives and Genstar Capital. The addition of Aldorisio further strengthens its senior management team.

Aldorisio most recently served as vice president of programme business at SCOR where he was responsible for managing casualty and professional lines programmes, as well as leading business development for SCOR Re's primary insurance programmes business Unit.

Previously, he served as vice president and programme underwriter at Munich Re America, where he led all alternative risk transfer programs in the unit including captive programmes and RRG's. He began his career at Arch Insurance Group in their alternative markets group.

In his new role, Aldorisio will be responsible for managing Obsidian's programme underwriting and due diligence to ensure growth and profitability of the portfolio.

William Jewett, chief executive officer of Obsidian, said: "We are excited to have Andrew join our team and bring his technical underwriting expertise and extensive program insurance experience to our platform. His addition continues the buildout of our hybrid program fronting carrier platform that will continue to bring creative, valuable, and efficient marketplace solutions to MGAs, risk aggregators, and reinsurers.

"Andrew's experience and skillset will further enhance and broaden Obsidian's underwriting capabilities as we continue to be a valued partner to those operating within the rapidly evolving program space."