Carbon Underwriting beefs up leadership; eyes ‘significant’ opportunities in positive market

Specialist independent managing general underwriter (MGU) and Lloyd’s syndicate  Carbon Underwriting has bolstered its finance leadership as it looks to capture and capitalise on the “significant” opportunities the company is seeing amid favourable market conditions.

Matt Finch is joining the business as finance director. He will be responsible for all the key elements associated with group finance including cash and capital management, solvency, reserving, actuarial and regulatory matters.

Finch has almost 25 years of financial services experience. He has undertaken a number of senior finance roles across the market and directly prior to joining Carbon, he was chief financial officer and founding partner at Sequitur Risk. He had been undertaking the finance director role at Carbon on a contract basis for the last 10 months before assuming the position permanently at the end of 2021.

Nick Tye, Carbon chief executive officer, said: “The breadth of Matt’s insurance and financial knowledge makes him a highly valuable member of our management team. His broad commercial acumen as well as his extensive financial reporting, accounting, regulatory and project finance experience will help us to accurately measure our performance while capturing and capitalising on the many opportunities that lie ahead.

“Over the last year, we have been able to bring a wealth of expertise into the business and Matt adds to our bench strength. As a people business, our focus is on ensuring that we have the right talent to execute our strategy and deliver excellence to our clients and business partners. I am delighted that Matt has agreed to join us on a permanent basis.”

Finch commented: “ Carbon has an outstanding reputation and a very exciting future. Market conditions are favourable and there is a significant opportunity for disciplined, resilient and innovative businesses like ours to deliver sustained profitable growth for the benefit of our key stakeholders and the communities in which we operate.

“ Carbon has a culture that is unique within the Lloyd’s market. This, coupled with its strong technological base and the strength of its team, meant that when Nick offered me the permanent role it was a no-brainer for me. I truly believe that Carbon has an incredibly exciting future and I am delighted to be a part of that.”

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