Lloyd’s of London (re)insurer MS Amlin Underwriting Limited (MS AUL) has announced a revamp, creating a single chief underwriting officer post as part of the ongoing simplification of MS AUL’s operating model.
Under the shake-up, the co-CUO management structure of MS AUL will be dissolved. The move will see specialty insurance co-CUOs Andrew Wright and Mark Clements, as well as reinsurance CUO Phil Wooldridge, step down at the end of next month.
Meanwhile, arriving on September 07 is new CUO Andrew Carrier (pictured), who will be in charge of managing all of MS AUL’s underwriting business including the reinsurance and specialty insurance divisions of the Lloyd’s syndicate.
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“Following the changes in our structure which took effect at the beginning of this year, we have continued on our transformation plan to build a world-class (re)insurance business specialising in complex specialty and reinsurance risks,” said MS AUL chief executive Tom Clementi.
“We have removed group and legacy MS Amlin Plc structures, making our insurance companies leaner, stand-alone entities, strengthened our MS AUL governance and increased the expertise of our independent NEDs with the appointments of Johan Slabbert and Martin Hudson announced in May.”
Clementi also thanked the exiting trio for their significant contributions.
The CEO noted: “Their years of hard work and commitment have helped to position the business well for the future, and we are grateful that they will continue to serve on the MS AUL team until September to ensure a smooth transition for our brokers and insureds.”
Additionally, the MS AUL boss cited the incoming CUO’s strong track record as well as his depth of leadership and industry experience. Carrier is making the switch from Everest Re Group.
