Munich Re appoints CUO of Green Solutions portfolio
Munich Re Specialty Group, parent company of the reinsurer’s Lloyd’s syndicate, has appointed Julian Richardson as chief underwriting officer of its Green Solutions portfolio, which is focused on specialty and primary risks.
Richardson will take up the newly created position on 1 September.
He joins from Parhelion Underwriting, an energy and climate risk finance company he founded in 2006 that specialises in renewable energy, carbon markets and climate compatible investment opportunities.
He will report to Munich Re Specialty Group’s chief underwriting officer Dominick Hoare.
John Wilkinson, Munich Re Specialty Group CEO, said: “We are pleased to welcome Julian to Munich Re. His high standing among industry peers makes him the ideal candidate to accelerate the growth of our Green Solutions portfolio.”
“Green Solutions has a decidedly ambitious target to capture a leading market share of green commercial specialty and primary insurance risks by 2030. Through Julian’s leadership of the portfolio, combined with our Munich Re track record, I am confident we will deliver the insurance services needed to support and have a meaningful impact on the transition to a net-zero economy,” he added.
Richardson said Munich Re Specialty Group has shown “incredible commitment to taking real action on climate”.
“Green Solutions is a bold and important proposition for the speciality risk market, and is exactly what I have been championing for the last two decades,” he said.
“In my new role as chief underwriting officer for the Green Solutions portfolio, I am determined to build on my mission of enabling the green transition, as well as continuing to increase the awareness of the insurance industry’s vital role in building a sustainable and resilient world,” added Richardson.
