London headquartered specialty insurance and reinsurance group MS Amlin has named Simon Beale as its new Chief Executive Officer (CEO), to succeed outgoing CEO Charles Phillips from April 1st 2018.
Philipps is stepping down from the role to retire, it had previously been reported, but MS Amlin has been able to fill the role internally.
Simon Beale is currently MS Amlin’s Chief Underwriting Officer. He will become Deputy CEO with immediate effect, while James Illingworth will become Chief Underwriting Officer and Martyn Rodden moves into the Chief Risk Officer role.
Beale and Illingworth have both been longstanding members of the MS Amlin Senior Executive Team.
Masahiro Matsumoto, Director of the Board, Senior Executive Officer and Head of International Operations of Mitsui Sumitomo Insurance Company, commented on the news, “Simon Beale has the full support of MSI and the MS&AD Group and I am looking forward to working closely with him to develop MS Amlin as a core component of our international strategy.”
Shonaid Jemmett-Page, MS Amlin’s Chairman, added, “We are pleased to have been able to fill these critical roles internally and are confident that, under Simon’s leadership, MS Amlin will maintain its significant status while developing strategically as part of the wider MS&AD Group. As CEO for nearly 19 years, Charles built MS Amlin from a Lloyd’s syndicate to an impressive international Group. We wish him a well-earned and happy retirement.”
