MS Amlin
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The improved underwriting performance was driven by reduced losses relating to Russia and Ukraine. -
The underwriter will retain his responsibilities as lead underwriter for credit and political risk.
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Grant Baxter joined the business last year and was named CUO in a restructure under CEO Andrew Carrier.
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The executive has also worked for Aviva in senior group finance roles.
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Insurance Insider has compiled a bite-sized wrap-up of the exclusive news stories and CEO interviews from this year's Monte Carlo Rendez-Vous.
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The executive will move to the (re)insurer after almost two years at Gallagher Re, a company he joined after the acquisition of Willis Re in late 2021.
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Andrew Carrier said after wide ranging remedial work, the Lloyd’s carrier was targeting “measured, profitable growth” for 2024.
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The resignation follows the appointment of Sedgewick's Julie Ross to lead the team.
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The reduced impact from the war in Ukraine helped the carrier continue a spell of profitable underwriting.
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The hire follows an exodus from the recall team, as Mitchell, Fouquet and Fornah resign.
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The fronting company said impairment to Vesttoo’s LoC collateral will be "immaterial".
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Lloyd Fornah’s departure follows the resignations of Ed Mitchell and senior underwriter Vanessa Fouquet earlier this year.
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