Andrew Carrier, MS AUL chief underwriting officer, is ready to exchange Slabbert as CEO of the enterprise when the latter strikes to MSI USA.
Slabbert initially joined MS AUL as non-executive director and chair of the board in May 2020, happening to step into the CEO position later that yr.
He has greater than twenty years of insurance coverage senior management expertise, having beforehand held roles at AIG, Chaucer, and Augustus Specialty. He has been with the MSI group since 2017, initially as chairman of Mitsui Sumitomo Insurance Company (Europe).
“Johan’s important expertise and data of the US (re)insurance coverage business alongside together with his intensive worldwide contacts will assist speed up our plans to be the (re)insurer of selection for home US dangers,” stated Tamaki Kawate, director, head of worldwide enterprise of Mitsui Sumitomo Insurance Company.
MSI USA purchased Transverse Insurance Group earlier this yr, with Slabbert’s appointment anticipated to herald US enlargement and mark the corporate’s plans for “fast worldwide enterprise growth and development”, the corporate stated.
“With our current acquisition of Transverse, alongside our different US corporations, we’ll underneath Johan’s management, unlock the complete potential of our companies, collaborating each with head workplace groups in Japan in addition to rising companies right here within the US, to additional improve our differentiated proposition, and see MSI taking a number one place in all distribution and placement channels,” stated Kawate.
Carrier, additionally anticipated to begin on January 1, has served as MS AUL CUO for 2 years, with the corporate having stated he performed a key position in “serving to [the business] return to profitability”.
Carrier spent six years at Everest Re previous to becoming a member of the insurer and has additionally served as group CUO at Argo and spent greater than twenty years at Kiln.
“I’m assured that Andrew will proceed with the good work that he, alongside the broader government crew, is doing to modernise and future proof the enterprise,” stated Shinichiro Funabiki, CEO at Mitsui Sumitomo Insurance Company.
“We stay totally dedicated to supporting MS AUL because the momentum builds behind its long-term development technique and its goal to grow to be a number one Lloyd’s syndicate with a sustainable future.”