Lloyd’s of London insurer and reinsurer, MS Amlin Underwriting Limited (MS AUL), has announced the addition of Andrew Carrier as its Chief Underwriting Officer (CUO), a newly created position.
Subject to regulatory approval, Carrier is set to take on the new role from September 7th, 2020 and will report to Tom Clementi, Chief Executive Officer (CEO) of MS AUL.
In his new role as CUO, Carrier takes responsibility for managing all of the firm’s underwriting operations, including the syndicate’s Reinsurance and Specialty Insurance arms.
As part of his role, Carrier will be tasked with reviewing the company’s underwriting portfolio and strategy, with a view to repositioning the business for future success, where required. MS AUL states that this appointment is part of its ambition, which is supported by its parent MS&AD, to transform the business into a highly successful specialty re/insurer.
Carrier joins the company from Bermuda-based reinsurer Everest Re, a firm he joined in 2014 and where he most recently served as General Manager for Europe and Asia Pacific. Prior to this, he served as the CUO of Argo Group, and from 1984 to 2007, worked at Tokio Marine Kiln.
In November of last year, MS Amlin announced the details of a new operating model and senior leadership team as part of its parent’s reorganisation of its international business.
As part of the ongoing simplification process of MS AUL’s business 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, together with the Reinsurance CUO, Phil Wooldridge, will step down from their roles on September 30th, 2020.
Clementi commented: “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. 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.”
