MS Amlin
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His departure comes after a phase of rebuilding the carrier’s commercial property team. -
The vehicle was upsized by 20% from 2022.
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Having joined the company in 2016, the executive was working as a lead underwriter in LATAM prior to the announcement.
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As a decline in InsurTech investment continues and risk capacity providers reconsider their support, sources expect many InsurTech MGAs will have to review and potentially pivot their business models.
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Andrew Carrier’s appointment as CEO was announced in October, with Andrew Slabbert taking on the top role at MSIG in the US.
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The CVC-backed legacy player edged out Enstar in the process which was run by Gallagher Re.
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The pub group and bakery chain will dispute elements of judgements issued in October in UK Covid-related BI lawsuits.
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The carrier also posted £97mn of Ukraine losses and a £157mn investment loss.
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The Lloyd’s carrier said the strategy will support profitable growth, attract staff and help meet regulatory requirements.
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The process has been narrowed, with parties including Catalina and Premia not going forward.
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Many policyholders are likely to receive larger payouts following the judgement, but a worst-case scenario has been averted.
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Paul Evans joins from Tokio Marine Kiln and will report to Malcolm Barnes, head of marine reinsurance.
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