Beat Capital Partners (“Beat”), a long duration investor specialising in the insurance industry, today announces that Andrew Cunningham, former deputy active underwriter, has assumed the role of active underwriter of Syndicates 4242 and 1416, effective immediately. Based in London, Cunningham will report to Tim Shelley, Partner.
Cunningham takes the reins from Tom Milligan who held the position since late 2018. Milligan will remain with Syndicate 4242 investor Beat Capital Partners in an underwriting oversight role, alongside Shelley and Zahid Lalji, Principal.
A qualified actuary and experienced underwriter, Cunningham brings more than three decades’ worth of experience to the position. Acting as deputy active underwriter since 2019, Cunningham previously held senior positions in both broking and underwriting businesses, including underwriting, actuarial and leadership roles at Brit and at Hampden Risk Partners.
Shelley said: “The last five years have been a period of transformation. From a monoline cat play to a diversified business, Syndicate 4242’s journey has been significant and Andrew has played a key role in that. Following two consecutive years of strong results, the next chapter is about building on this success and realising our long-term ambitions for both syndicates; to actively curate a diverse portfolio of lower-volatility risk, run by proven underwriting talent offering superior returns to capital providers.
“With his leadership capabilities, stature in the market and long track record, Andrew’s promotion is the natural next step in our evolution.”