MS Amlin

The senior underwriter has worked at Sirius, Novae, Mitsui Sumitomo and Chaucer.

The deal allows MS Amlin to carve out the P&C portfolio for 2019 and prior years in an industry first.

The ratings agency said that the reinsurance arm of MS Amlin was expected to make a “significant” loss after tax in 2021.

Sources described the deal as a collegiate agreement, and long term the carrier is still understood to be committed to the US property market.

The carrier has appointed John Winder, Victoria Harding, Wendy Kriz and Maurice Rose to its risk function team.

The unit still faced £272mn in nat-cat losses and a £58mn Covid-19 impact during the period.

Head of property John Roberts-West and senior commercial property underwriter Katie Hunter have both left the business, with Hunter set to join Beazley at the end of the month.

Two of the carrier’s underwriters were hired by new entrant IQUW to build its book of business.

Gupta initially assumed the position in July 2021 on an interim basis.

The former MS Amlin head of reinsurance takes up the CUO role next week.

Both underwriters used to be colleagues in the marine hull team at RSA prior to Stuart Forsyth’s departure.

The executive will join the business in early January, replacing Mike Cain.