London: 5 September 2023 – Carbon Underwriting Limited (Carbon), the Lloyd’s syndicate, announces a significant change in its senior leadership. After more than five years of dedicated service, Stephen Card, Chairman of Carbon Underwriting, will be stepping down from his role and the company will welcome Rupert Atkin as the new Chairman effective immediately.
Rupert Atkin, Chairman of Ark Managing Agency and Whitespace, in addition to being a Director of Amwins Group Inc and Alwen Hough Johnson, has assumed the role of Chairman of Carbon. He has previously served as Chairman and CEO of Talbot Underwriting Ltd which is the Managing Agency for Syndicate 1183, the syndicate he founded in 1991. Rupert’s extensive industry experience is highlighted by his tenure as chairman of the Lloyd’s Market Association from 2012 to 2015, and his previous role as a member of the Council of Lloyd’s from 2006 to 2016, including his position as Deputy Chairman of Lloyd’s from 2014 to 2016.
Stephen Card expressed his sentiments about his tenure, stating, “It was a real privilege to have worked with the team at Carbon since we founded the business over five years ago. The way the business has developed and grown since then is testament to the hard work of Nick Tye, Jacqui Ferrier and Ben Laidlaw in fulfilling the vision we had for Carbon. With the investment from Apiary Capital, I am confident the team has not only the vision, but also the financial investment they need to see this made real.
I feel that now is the appropriate time for me to step down, after five successful years at Carbon, and hand over to a new Chairman. In Rupert Atkin, we have a highly-regarded and experienced professional that I have known for over 30 years. I am delighted to be handing over to someone with his knowledge and experience and know that he will help guide Nick and the executive team through the next stage of Carbon’s growth.”
Nick Tye, CEO at Carbon, welcomed the transition, saying: “We are grateful for Stephen Card’s leadership and dedication during his time as Chairman. His insights and wise counsel have been invaluable in steering Carbon’s growth journey, and he has contributed to the successful growth of the first Lloyd’s Syndicate in a Box to transition to full Syndicate status, making history in our market.
We are now excited to welcome Rupert Atkin as our new Chairman, and we are confident that his deep industry knowledge and leadership experience will contribute significantly to the next phase of Carbon’s evolution.
Under Rupert’s guidance, Carbon is poised to continue its transformation within the underwriting sector. This transition also follows the strategic investment from Apiary Capital, which marked a pivotal moment for Carbon as we further our mission to revolutionise the world of delegated underwriting and establish a global benchmark of excellence.”
Reflecting on Carbon’s path forward, Rupert Atkin said, “I am honoured to be stepping into the role of Chairman at Carbon Underwriting. This is an exciting time for the company and I look forward to working closely with Nick and the executive team as we pursue new avenues of growth and innovation.
Carbon’s commitment to advancing underwriting practices we hope will continue to set new standards in the industry for a future marked by innovation and an unwavering commitment to raising the bar for service to Carbon clients.”
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Notes to Editors
About Carbon Underwriting
Carbon Underwriting Limited (Carbon), operates as Syndicate CBN 4747 at Lloyd’s.
Carbon set out in 2018 with a mission to transform the world of delegated underwriting and with a vision to set a global benchmark. We are a dynamic company and recognise the importance of embracing modern technology to deeply enrich our offering. We have pioneered a game-changing, bespoke approach using an open underwriting model where data drives improved underwriting performance creating superior analysis and fluidity of portfolio management. This is administered through our in-house technology ecosystem, Graphene.
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Carbon Underwriting is a trading name of Carbon Underwriting Limited which is an appointed representative of Davies MGA Services Ltd, a company authorised and regulated by the Financial Conduct Authority under firm reference number 597301 to carry on insurance distribution activities. Carbon Underwriting Limited is registered in England and Wales company number 11193856. Registered office at 5th Floor, 20 Gracechurch Street, London, EC3V 0BG
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