Reinsurance News

Castel adds Arch’s Raoul Carlos as head of specialty

16th January 2020 - Author: Charlie Wood

Club-style MGA formation platform Castel Underwriting Agencies has appointed Raoul Carlos as head of specialty.

The appointment comes as the firm looks to structure its underwriting cells and MGAs into a number of ‘centres of excellence focused’ on core classes of business.

Carlos will lead the centre and oversee the strategy and execution of underwriting performance and portfolio management for seven classes of business.

He joins from Arch having served as head of onshore energy with oversight of the development and delivery of global downstream, midstream, power and renewables classes of business.

Before that he spent five years with Swiss Re Corporate Solutions in both London and Zurich, underwriting mining and onshore energy risks.

“Castel has built a strong track record and proven model supporting entrepreneurial underwriters,” said Mark Birrell, Chief Executive of Castel.

“To support the next phase of our growth we have initially established three centres of excellence and are strengthening the management team to maximise their strategic and operational impact.

“Raoul brings us significant expertise in managing and delivering strong-performing portfolios of specialty lines business.”

Commenting on his appointment, Carlos said, “The centres of excellence strategy will enable Castel to optimise the performance of its existing classes for the underwriters and our carrier partners. We will also continue to identify new opportunities for entrepreneurial underwriters with robust business plans to expand our portfolio.”

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