Charles Taylor Managing Agency has appointed its new chief underwriting officer (CUO) as it tries to secure the management of a second syndicate at Lloyd’s.
The incoming CUO, industry veteran and MS Amlin executive Ajay Gupta, will also become a board director, subject to regulatory approval.
“I am very pleased to welcome Ajay to Charles Taylor. He was instrumental alongside his colleagues in driving the success and profitable growth of Mitsui Sumitomo Insurance Underwriting,” said Charles Taylor Managing Agency CEO Christian Schirmer.
“He has the experience and skills to support the growth and development of Charles Taylor Managing Agency as Chief Underwriting Officer as we move towards being appointed to manage a second syndicate,” Schirmer added.
At MS Amlin, Gupta was responsible for the oversight and control of a £400m underwriting portfolio. He led the strategic planning, product development and Lloyd’s minimum underwriting standards control functions for the syndicate.
Gupta has been in the re/insurance market for more than 25 years, having held various leadership roles at RSA
Global Corporate and Specialty, GE Insurance Solutions and Swiss Re.
Charles Taylor Managing Agency announced Gupta’s appointment while actively marketing its services to obtain the management of another Lloyd’s syndicate.
The firm said it is now discussing with clients who are planning to establish new syndicates at Lloyd’s.