Carbon
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Co-founder and CUO Jacqui Ferrier has been appointed his successor. -
Carbon will recruit 30 new staff including 15 underwriters to support growth.
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Syndicate 5757 will target US programme business.
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Dale Willetts joins from Sompo International, where he held the role of executive vice president, head of specialty lines.
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The syndicate is looking to enter several new product lines and geographies.
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The business is targeting expansion after receiving investment from Apiary Capital in July.
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The investment will help the MGU to further establish its position in both the Lloyd’s delegated authority and international coverholder markets.
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CEO Nick Tye told this publication earlier this month that the company was planning a financial lines launch.
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As a full syndicate, Carbon Underwriting predicts it will bring a gross written premium of £135mn ($155mn).
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The placement is the first delegated underwriting authority consortium as well as the first consortium supporting SIAB.
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Hugo Bashall will begin in his new role at Carbon with immediate effect.
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