New CEOs for MSIG Holdings USA and MS Amlin Underwriting

MSIG Holdings USA (MSI USA), an onshore US (re)insurer and member of the MS&AD Insurance Group, has appointed Johan Slabbert as chief executive officer. He is currently CEO of MS Amlin Underwriting Limited (MS AUL) and will be replaced by Andrew Carrier, currently MS AUL’s chief underwriting officer. Both will take up their new roles on 1 January 2023, subject to regulatory approvals. MSI USA said his appointment “marks the next stage of the company’s plans for rapid international business development and growth, in the world’s largest non-life insurance market”, adding: “US expansion will help establish a significant foundation for MSI’s vision of becoming a world-leading insurance and financial services group.” It said these plans took a major step forward earlier this year, when the firm acquired hybrid fronting carrier Transverse Insurance Group, a move that on completion and with final regulatory approval will see MSI USA increase both its US presence, as well as access to the fast-growing specialist managing general agent market for property, casualty, marine and specialty business. Slabbert brings more than two decades of executive leadership experience in international (re)insurance markets, having held several CEO and CFO roles. He joined MS AUL initially as a non-executive director and chairman of the board in May 2020, before assuming the CEO role later that year. He has been working within the MSI group since 2017, originally as chairman of Mitsui Sumitomo Insurance Company (Europe). He began his career at AIG before joining Chaucer as CFO, where he was also subsequently CEO for two years. Tamaki Kawate, director, head of international business of Mitsui Sumitomo Insurance, said: “I am delighted to announce Johan’s appointment as MSI USA’s new CEO. Johan’s significant experience and knowledge of the US (re)insurance industry along with his extensive international contacts will help accelerate our plans to be the (re)insurer of choice for domestic US risks. Johan’s leadership strength and commitment to growth, alongside an unwavering determination to achieve, make him the perfect choice to lead the next chapter in MSI’s growth story.” He added: “With our recent acquisition of Transverse, alongside our other US companies, we will, under Johan’s leadership, unlock the full potential of our businesses, collaborating both with head office teams in Japan as well as emerging businesses here in the US, to further enhance our differentiated proposition, and see MSI taking a leading position in all distribution and placement channels.” Carrier brings more than two decades of leadership experience in international (re)insurance markets, taking up his new role after two years as MS AUL’s CUO. Prior to his role at MS AUL, Carrier spent six years at Everest Re, where he was responsible for the firm’s London market, continental Europe and Asia-Pacific reinsurance operations. His career also includes serving as group CUO at Argo for seven years and more than two decades at Kiln. Shinichiro Funabiki, CEO at Mitsui Sumitomo Insurance Company, said: “I am delighted to announce Andrew’s appointment as MS AUL’s new CEO. Andrew has demonstrated exceptional leadership over the past two years, particularly through the measures he has put in place to create a best-in-class underwriting function with a relentless focus on client service and profitability. I am confident that Andrew will continue with the great work that he, alongside the broader executive team, is doing to modernise and future-proof the business. We remain fully committed to supporting MS AUL as the momentum builds behind its long-term growth strategy and its objective to become a leading Lloyd’s syndicate with a sustainable future.”

New CEOs for MSIG Holdings USA and MS Amlin Underwriting

Want to read this article?

Read Next

Europe’s disaster risk efforts ‘significant’, says UN office

Rates stay flat in Q1 for EMEA buyers but climb in Italy, Iberia and the Netherlands

Lazio region ordered to reverse destruction of protected lake

LSM unveils contractors all risks digital trading solution with Howden

FM Global launches renewable energy unit in North America

Europe’s disaster risk efforts ‘significant’, says UN office

Rates stay flat in Q1 for EMEA buyers but climb in Italy, Iberia and the Netherlands

Lazio region ordered to reverse destruction of protected lake

LSM unveils contractors all risks digital trading solution with Howden

FM Global launches renewable energy unit in North America

Want to read this article?

Read Next

Europe’s disaster risk efforts ‘significant’, says UN office

Rates stay flat in Q1 for EMEA buyers but climb in Italy, Iberia and the Netherlands

Lazio region ordered to reverse destruction of protected lake

LSM unveils contractors all risks digital trading solution with Howden

FM Global launches renewable energy unit in North America

Related Articles