The Lloyd’s (re)insurer MS Amlin Underwriting Ltd (MS AUL) has today announced that Johan Slabbert (pictured) will take up the role of CEO on November 01, 2020, subject to regulatory approval. Slabbert will succeed current CEO Tom Clementi who will step down from the position on October 31 after four years in the role to pursue other opportunities outside of MS Amlin.
Clementi, who originally joined in MS Amlin in 2007 and held several senior roles across the MS Amlin group of companies, will remain with the business until the end of 2020 to ensure a smooth transition and regulatory handover.
Slabbert, meanwhile, will step down from his position as chairman of the MS AUL board as part of his transition to the role of CEO and, subject to regulatory approval, Martin Hudson, who is currently a non-executive director for MS AUL and chair of the Underwriting Oversight Committee, will act as interim chairman.
Slabbert brings over 20 years of leadership experience in the international (re)insurance market and has held several CEO and CFO roles, having begun his career at AIG before joining Chaucer Limited. While at AIG he spent six years in Japan and has worked within the MSI group for some time in his role as chairman of Mitsui Sumitomo Insurance Company (Europe) Ltd.
Tamaki Kawate, director and senior executive officer at Mitsui Sumitomo Insurance Company Ltd, expressed his sincere thanks to Clementi, noting his vital role in transforming and reshaping the business during challenging circumstances and in laying the foundations for MS AUL’s future success. Clementi has left the business well-positioned for the next phase of its strategic development and for future growth, he said, and has displayed expertise and leadership through his tenure. Kawate wished Clementi every success in his next endeavour.
Kawate continued: “With the foundations in place for us to build a world-class (re) insurance business in MS AUL, we are pleased that Johan has agreed to become CEO. Johan is a recognised leader in the insurance sector with rich international experience and a strong track record of successfully managing and delivering growth for high-profile businesses, including Mitsui Sumitomo Insurance Company (Europe), Limited.
“His industry experience, expertise and strong leadership capabilities will be integral to supporting the business as it builds a modern, relevant, profitable and client-focused business specialising in complex specialty and reinsurance risks.”