Carbon names Byrne as Chairman, Watson appointed NED

Carbon Underwriting Limited, a specialist independent managing general underwriter and Lloyd’s syndicate, has announced the appointment of Paddy Byrne as Chairman and Michael Watson as Non-Executive Director (NED).

These appointments, subject to regulatory approval, coincide with the planned departure of Chairman Rupert Atkin.

Byrne is an experienced executive with a background in both insurance and technology. His leadership roles have included Senior Non-Executive Director at SRG Group, Chairman of 6point6 Ltd, and UK Executive Director at Xchanging Ltd.

Watson, founder of Canopius and former Lloyd’s Council member, brings exceptional leadership and a broad insurance network to Carbon’s dynamic board.

The appointment of these two executives, each with a wealth of expertise and independent insight, will be instrumental in driving Carbon’s next phase of growth, the firm stated.

Nick Tye, Founder and CEO of Carbon Underwriting, commented: “Rupert’s leadership since taking the helm as Chairman in Carbon’s early stages, has been pivotal in accelerating our growth. His wisdom and steady hand helped shape us into a market leader in DUA business at Lloyd’s. On behalf of the entire team, I want to express my heartfelt thanks and best wishes for his next chapter.

He continued: “As we look to the future, we are delighted to welcome Paddy and Michael to our Board. Their combined entrepreneurial spirit, deep underwriting expertise, and proven track records in navigating and scaling complex businesses make them the perfect addition to our team.

“At Carbon, we’ve created a unique culture where cutting-edge technology like Graphene meets the warmth and ingenuity of our people, and Michael and Paddy are perfectly placed to help us harness this blend for the next phase of our journey.”

Byrne said: “What drew me to Carbon is its exceptional team and its commitment to combining technical underwriting prowess with a compelling technology proposition that anticipates and responds directly to market needs.

“Carbon has an unparalleled opportunity to redefine how delegated underwriting is delivered, and I am thrilled to bring my experience to the table to help drive this vision forward.”

Watson added: “Since its foundation, Carbon has enjoyed exceptional growth thanks to the team’s energy, entrepreneurial ethos, and the transformational capabilities of its technology platform Graphene. I look forward to joining the Board and contributing to Carbon’s continued success and profitable growth.”

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