’Their combined entrepreneurial spirit and deep underwriting expertise make them the perfect addition to our team,’ says chief executive
Independent managing general underwriter Carbon Underwriting has appointed two insurance veterans to its board.
The latest hires include Paddy Byrne, who will take on the role of chairman, as well as Michael Watson, who has been named as a non-executive director.
The appointments coincide with the planned exit of chairman Rupert Atkin, who has helped establish the MGU’s position in delegated underwriting authority (DUA) business at Lloyd’s,
Carbon Underwriting noted that his work has been “instrumental in strengthening the company’s reputation in the sector”.
Nick Tye, founder and chief executive at Carbon Underwriting, said: “Atkint’s leadership since taking the helm as chairman in Carbon’s early stages, has been pivotal in accelerating our growth.
“His wisdom and steady hand helped shape us into a market leader in DUA business at Lloyd’s. On behalf of the entire team, I want to express my heartfelt thanks and best wishes for his next chapter.
“As we look to the future, we are delighted to welcome Byrne and Watson to our board.”
Experience
Byrne has held several senior positions during his career, including senior non-executive at SRG Group, chairman at 6point6 and executive director at Xchanging.
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Watson, meanwhile, is the founder of Canopius and a former member of the Council of Lloyd’s.
Tye said: “Their combined entrepreneurial spirit, deep underwriting expertise and proven track records in navigating and scaling complex businesses make them the perfect addition to our team.
“At Carbon, we’ve created a unique culture where cutting-edge technology like Graphene meets the warmth and ingenuity of our people. Byrne and Watson are perfectly placed to help us harness this blend for the next phase of our journey.”’
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