Carbon Underwriting nabs ex-HDI/Chubb/Zurich as head of pricing

Specialist managing general underwriter (MGU) and Lloyd’s syndicate  Carbon Underwriting has tapped a delegated authority specialist from HDI Global to help build out its pricing framework using his experiences in senior leadership roles in the London Market including Chubb and Zurich.

Alex Harris joins the MGA as head of pricing. He will play a “pivotal role” supporting functions across the business including building out a pricing framework to support underwriters, adding actuarial rigour to the development of  Carbon’s proprietary technology platform, Graphene, as well as inputting to strategy, portfolio and risk management, reserving and reinsurance purchasing.

Harris has worked in the financial services industry for nearly 20 years and joins  Carbon from HDI Global Specialty where he worked as a specialist delegated authority pricing actuary. Prior to that, he had worked at other insurers in the London Market including Chubb and Zurich.

Nick Tye,  Carbon CEO, said: “I am delighted that Alex has joined us to take up this key role. Pricing is an area we are investing heavily in and Alex’s deep understanding of insurance markets, focus on innovative technologies and proven track record in senior leadership roles will make him a valuable addition to our leadership team.

“His breadth of insurance knowledge and commercial acumen will make him a valuable addition to our team and will help us to take advantage of the considerable opportunities that lie ahead in the markets in which we do business.”

Harris commented: “I am thrilled to be joining  Carbon at such an exciting time and to have the opportunity to help the business develop into a major player within the Lloyd’s and London insurance markets. I am particularly looking forward to adding my insights and value in terms of bringing best practice I have learned from my extensive actuarial experience as well as focusing on growing the Graphene tech platform and implementing data insights into the pricing of our coverholders.

“Nick and I had an immediate meeting of minds during our early conversations and a shared vision about the opportunities and challenges facing the delegated authority insurance market. This combined with the energy and ambition of the  Carbon team made it a very easy decision for me to choose to accept the offer to join the business.”

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