Beat Capital Partners (Beat), a long duration venture capital investor in the insurance industry, has announced that Andrew Cunningham (pictured) will take up the position of active underwriter of Syndicates 4242 and 1416.
“The last five years have been a period of transformation. From a monoline cat play to a diversified business, Syndicate 4242’s journey has been significant, and Andrew has played a key role in that,” said Tim Shelley, partner at Beat.
“With his leadership capabilities, stature in the market and long track record, Andrew’s promotion is the natural next step in our evolution,” he added.
Cunningham has more than three decades of experience in the industry as a qualified actuary and underwriter. He has held senior positions in broking and underwriting businesses such as Odyssey Re, Brit Insurance, Guy Carpenter, and Verto Syndicate where he had roles involving underwriting, actuary, and leadership.
He joined Beat in 2019 and prior to his promotion as active underwriter, took up the role of deputy active underwriter.
Cunningham will be succeeding Tom Milligan who has held the position since 2018. Milligan will take up an underwriting oversight role alongside Shelley and Zahid Lalji, principal at Beat.
With his appointment taking effect immediately, Cunningham will be based in London and will be reporting to Shelley.
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