Carbon Underwriting Welcomes Industry Leaders Paddy Byrne and Michael Watson to Strengthen Board Expertise
Carbon Underwriting, a prominent player in the delegated underwriting authority (DUA) sector at Lloyd’s, is undergoing significant leadership changes. The appointment of industry veterans Paddy Byrne as chairman and Michael Watson as non-executive director (NED), pending regulatory approval, marks a new chapter in the company’s evolution.
Leadership Transition at Carbon Underwriting
The leadership shift coincides with the planned departure of outgoing chairman Rupert Atkin, who has been instrumental in establishing Carbon’s reputation in the market. His contributions have been vital in positioning the firm as a leader in the DUA business at Lloyd’s.
About Carbon Underwriting
Based in London, Carbon Underwriting specializes in the DUA sector, utilizing cutting-edge technology to provide innovative solutions tailored to the international coverholder market. The company is particularly noted for its proprietary Graphene platform, which enhances underwriting efficiency through data-driven processes.
New Appointees and Their Impact
- Paddy Byrne: Brings a wealth of experience in insurance and technology, previously serving in leadership roles at SRG Group and Xchanging Ltd.
- Michael Watson: Founder of Canopius and former Council member at Lloyd’s, he offers extensive leadership experience and industry connections.
The appointments of Byrne and Watson are aligned with Carbon’s strategic objectives and supported by investors, including Apiary Capital. Their expertise is expected to enhance the company’s capacity to deliver advanced solutions, particularly through the Graphene platform, which integrates data analytics and automation.
Insights from Leadership
Nick Tye, founder and CEO of Carbon Underwriting, expressed gratitude towards Rupert Atkin for his pivotal leadership during the company’s formative stages. Tye emphasized the excitement surrounding the new appointments, stating, “Their entrepreneurial spirit and proven track records make them ideal for our team as we look to the next phase of our journey.”
Rupert Atkin acknowledged the unique qualities of Carbon, stating, “The firm combines deep underwriting expertise with innovative technology, which creates a collaborative environment that drives growth.”
Paddy Byrne shared his enthusiasm for joining Carbon, noting the exceptional team and the commitment to leveraging technology to meet market needs effectively. He remarked, “Carbon has an unparalleled opportunity to redefine delegated underwriting.”
Michael Watson also highlighted the transformative capabilities of the Graphene platform and his eagerness to contribute to the company’s future success. He stated, “I look forward to joining the board and supporting Carbon’s continued growth.”
For more information on Carbon Underwriting and their innovative solutions, visit their official website: Carbon Underwriting.
To learn more about the DUA market and its impact on the insurance industry, check out this Insurance Journal article.
