London: 14 December, 2020 – Carbon Underwriting Limited (Carbon) the specialist, independent managing general underwriter (MGU), today announces the expansion of its powerful data analytics capabilities with the appointment of two experienced data professionals.
Investment banking and technology expert Mark Oldroyd joins the Carbon team as Head of Data Engineering. Mark was previously Senior Data Engineer at global hedge fund Bluecrest Capital Management LLP.
Additionally, former Axa Insurance Pricing Analyst and machine learning and data analytics specialist Alexander Scott has been appointed Carbon Pricing Analyst.
Stephen Card, Carbon CEO, said:
“Attracting new data talent is critical to Carbon’s future as we continue to expand as a technology and expert-driven MGU and Lloyd’s Syndicate. The additional advanced data and machine learning capabilities that Mark and Alex bring represent the next evolution of our underwriting team. Their appointment is a clear indication of the scope of our ambition to be recognised as the Lloyd’s benchmark for data driven delegated underwriting, producing market leading underwriting results that support the successful Future at Lloyd’s.”
Mark Oldroyd, Carbon Head of Data Engineering, said:
“Across industries, superior analysis, management and sharing of data leads to better informed business decisions and more efficient and cost-effective processes. Having seen the transformational potential of frictionless data transfer in other markets, I’m hugely excited by the opportunity to be part of Carbon’s truly proactive effort to make this a reality in the delegated authority space.”
Alexander Scott, Carbon Pricing Analyst, said:
“There is a strong need to present underwriters with an ongoing, fluid approach to data rather than a reactive, one-touch renewal approach, and the Carbon team are tackling this head on. I’m really pleased to be involved with further developing Carbon’s technology platform Graphene, which already represents a tangible leap forward in terms of data transfer and analytics which ultimately will lead to more profitable underwriting results.”
NOTES TO EDITORS:
Carbon Underwriting is a class agnostic MGU driving transformation in the international Coverholder market. It operates as an Underwriting and Data Lead with a keen focus on Coverholder partnership. Carbon is supported by its proprietary technology platform ‘Graphene’ which presents Underwriters and Coverholders with superior data that motivates profitable and informed underwriting decisions. The MGU acts as an incubator, enhancer and springboard for MGAs to encourage accretive and profitable growth, and does so at a market leading expense base.
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