Experienced Underwriter Richard Wheeler Appointed to Senior Role at Brace

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Experienced Underwriter Richard Wheeler Appointed to Senior Role at Brace

Brace Underwriting has appointed Richard Wheeler as senior underwriter, aiming to leverage his expertise in international property and multi-line placements.

With over 15 years in the insurance industry, Wheeler, based in London, will report to Brace’s head of underwriting, Tom Sambrook. His role will involve strengthening client relationships and optimizing the underwriting portfolio to support Brace’s strategic goals.

Before Brace, Wheeler was underwriting data manager at Liberty Specialty Markets (LSM), promoted to the role in 2022. His underwriting career began in 2004 at Argenta Syndicate Management, later joining LSM in 2008 as a senior business and strategic development underwriter.

Sambrook commented, “We’re dedicated to bringing on board market-leading underwriters whose values align with ours to foster strategic and valuable growth for Brace. Richard’s extensive experience in underwriting and data management makes him an ideal fit for this role. We’re excited to have him join us.”

Wheeler added, “Brace’s innovative, data-driven approach to underwriting and its commitment to building lasting partnerships made this an exciting opportunity. I look forward to collaborating with CEO Adam Holberry, Tom, and the entire underwriting team to further expand Brace’s portfolio.”

Brace operates within Lloyd’s through Beat Capital Partners and is part of Beat Syndicate 4242, benefitting from Lloyd’s A+ rating.

Manit Labs Launches Innovative Underwriter Dashboard at ITC Vegas 2024

At the recent ITC Vegas event, where underwriters and insurers gathered to explore advancements in insurance technology, Manit Labs unveiled its Dashboard for Underwriters. This innovative tool was designed to address the growing need for real-time insights in underwriting, setting a new benchmark in underwriting technology. By offering enhanced operational agility, Manit Labs is helping the industry adapt to complex risk environments.

The Dashboard for Underwriters by Manit Labs features a range of capabilities, giving underwriters access to real-time performance metrics essential for decision-making in today’s complex, fast-paced risk landscape. With insurance carriers increasingly focused on minimizing claims processing times and boosting operational efficiency, this tool provides an intuitive interface to monitor productivity, supporting quicker and more precise risk assessments.

Responding to the Industry’s Need for Adaptive Risk Assessment

Mikhail Grishin, CEO of Manit Labs, commented, “The requirements of underwriters and insurers are evolving. Our Dashboard for Underwriters addresses these changes with technology that enables carriers to maintain a comprehensive perspective while making detailed decisions on the move. By offering underwriters real-time insights and AI-backed second opinions, we are enhancing underwriting capabilities to align with the current demands of the risk landscape.”

Manit Labs anticipates a rise in demand for streamlined, user-friendly underwriting platforms, especially as insurance carriers face economic pressures, unpredictable natural catastrophe risks, and stricter regulatory demands. The Dashboard for Underwriters equips insurers with vital tools to navigate these challenges, helping reduce time and costs associated with complex claims processing.

Enhancing Underwriting with AI Innovation

The Dashboard’s key advantage lies in its ability to support underwriters through AI-driven insights, offering critical analyses that aid more informed decision-making. In an interview with FF News, Grishin discussed how AI is transforming traditional reinsurance, explaining, “AI is redefining the underwriter’s role, going beyond traditional analysis to act as a decision-enhancing partner. It’s essential for efficient workflows and for establishing more accurate risk pricing in a shifting market.”

As insurers increasingly leverage AI to address complex risk scenarios, Manit Labs’ Dashboard for Underwriters is a vital tool, providing teams with the insights necessary to stay competitive and respond to the industry’s evolving demands.

Aon Underwriting Managers Appoints Simon Clapham as Chief Underwriting Officer

Aon has appointed Simon Clapham as chief underwriting officer for Aon Underwriting Managers (AUM). 

In this new role, Clapham will report directly to AUM’s managing director, James de Labillière, and will play a key role in supporting the growth of the firm’s portfolio underwriting business.

Clapham brings extensive experience in underwriting and broking across the insurance industry, with a strong background in both the UK and US markets.

He spent 12 years at Liberty Specialty Markets (LSM) as head of Underwriting Performance Management, overseeing various classes, including long-tail, short-tail, and reinsurance.

Clapham also held significant roles at Brit Insurance, where he was active underwriter for Syndicates 800 and 2987 and served on the boards of Brit Insurance Holdings plc and the Lloyd’s Market Board.

Join the Revolution in Underwriting

The future of underwriting is here, and it’s being powered by Generative AI. At Underwrite.In, we are not just imagining the future of insurance—we are building it. With our innovative solutions, underwriting teams can stay ahead of the curve, work more efficiently, and make smarter decisions that drive growth and profitability.

Are you ready to transform your underwriting operations and take your business to the next level? Join us at Underwrite.In and experience the power of GenAI firsthand. Contact us today to learn more about how we can help you revolutionize your underwriting process and thrive in the rapidly evolving world of insurance.