Collinson Group appoints new chief underwriting officer
Saugata Basu has been appointed as chief underwriting officer at Collinson Group. In his new role, he will partner with the Group’s capacity providers to develop an underwriting framework that enables future growth and commercial success. He will also drive underwriting discipline in decision making, lead the analytics, pricing and reserving activities of the company, and contribute to strategic planning and performance measurement as part of the senior management team.
Saugata brings to the role over 15 years of underwriting and actuarial management experience in the UK insurance and reinsurance market. His expertise lies in underwriting, pricing, profitability turnarounds, financial and risk analytics and driving return on marketing investment, and he has led multinational project teams on multiple occasions, and managed deals with insurers/reinsurers, managing general agents (MGAs) and captives. He joins Collinson Group from Munich Re, where his role focused on structured financial solutions and new risk, and prior to this he was chief underwriting and actuarial officer for Europe at the Warranty Group.
Saugata expressed his delight at joining the Group at this time: “I am delighted to be joining Collinson Group at a time when the firm is investing in consolidation and growth in insurance and assistance, and capitalising on new opportunities globally. With a history of product innovation and service excellence, Collinson Group has established itself as a partner of choice for many international companies and I am looking forward to playing a central role in driving our insurance offerings forward to cement our position in the market.”
Managing director of insurance and assistance at Collinson Group David Evans believes Saugata will further enhance the team: “Saugata has proven industry experience and deep technical knowledge, and I know he will fit very well into the aspirational mindset of the wider team at Collinson Group. His addition to the business will further strengthen our ability to provide innovative and differentiated insurance and assistance solutions to our partners and customers around the world.”