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London: 25 May 2022 – Carbon Underwriting Limited (Carbon), the specialist, independent managing general underwriter (MGU) and Lloyd’s syndicate, is pleased to announce the appointment of Alex Harris as Head of Pricing.

Alex will play a pivotal role supporting functions across the business including building out a pricing framework to support underwriters, adding actuarial rigour to the development of Carbon’s proprietary technology platform, Graphene, as well as inputting to strategy, portfolio and risk management, reserving and reinsurance purchasing.

Alex has worked in the financial services industry for nearly 20 years and joins Carbon from HDI Global Specialty where he worked as a specialist Delegated Authority Pricing Actuary. Prior to this, he had worked at other insurers in the London Market including Chubb and Zurich.

Nick Tye, Carbon CEO, said: 

“I am delighted that Alex has joined us to take up this key role. Pricing is an area we are investing heavily in and Alex’s deep understanding of insurance markets, focus on innovative technologies and proven track record in senior leadership roles will make him a valuable addition to our leadership team.

Over the last year, we have been able to bring a wealth of expertise into our business and Alex’s appointment adds to the bench strength of our fast-growing team. His breadth of insurance knowledge and commercial acumen will make him a valuable addition to our team and will help us to take advantage of the considerable opportunities that lie ahead in the markets in which we do business.”

Alex Harris, Head of Pricing, commented:

“I am thrilled to be joining Carbon at such an exciting time and to have the opportunity to help the business develop into a major player within the Lloyd’s and London insurance markets. I am particularly looking forward to adding my insights and value in terms of bringing best practice I have learned from my extensive actuarial experience as well as focusing on growing the Graphene tech platform and implementing data insights into the pricing of our coverholders.

Nick and I had an immediate meeting of minds during our early conversations and a shared vision about the opportunities and challenges facing the delegated authority insurance market. This combined with the energy and ambition of the Carbon team made it a very easy decision for me to choose to accept the offer to join the business.”