Richard Smith, MEng, ACII
Board Director - Chief Underwriting Officer & Deputy CEO at Aspire Underwriting Agency Ltd.- Claim this Profile
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Bio
Credentials
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Advanced Diploma in Insurance (ACII)
The Chartered Insurance Institute
Experience
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Aspire Underwriting Agency Ltd.
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United Arab Emirates
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Insurance
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1 - 100 Employee
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Board Director - Chief Underwriting Officer & Deputy CEO
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Jan 2023 - Present
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Board Director - Head of Underwriting
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Aug 2019 - Present
Head‐up the underwriting function for a successful MGA based in the Dubai International Financial Centre (DIFC). Sit on the BoD and the Executive Management Team.Responsibly for all lines of business, including Downstream Energy, Upstream Energy, and PowerGeneration. Global territorial scope supported by A‐rated carriers.
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FM Global
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United States
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Insurance
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700 & Above Employee
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Global Services Executive
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Aug 2018 - Aug 2019
- A strategic and advisory risk management role offering a range of consulting services to assist stakeholders including FM Global clients and client service teams. Tasked to accelerate risk improvements, providing insights and intelligence to the internal group, clients and brokers. - Responsible for maintaining the integrity of FM’s World Reach Partner (WRP) network across EMEA. - Regularly meeting & presenting to senior WRP management (C-suite and Ops management) to develop strong business relationships and a thorough understanding of their business. Show less
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Catalina Re
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Bermuda
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Insurance
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200 - 300 Employee
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Senior Underwriter – Property, Energy and Engineering Lines
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Oct 2014 - Aug 2018
- Underwrote, managed and steered a portfolio of fac risks across multiple product lines: Property & Power, Downstream Energy and CAR/EAR. Authority held in all aforementioned lines. - Undertook regional budget setting, forecasting and business strategy. Developed and serviced a book of business via regular market visits - building relationships with key stakeholders including clients, brokers and external risk consultants. - Undertook engineering-driven underwriting, regularly liaising with external Property Risk Consultants to better manage exposures and drive risk improvement proposals for our clients. Show less
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Zurich Insurance
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Switzerland
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Insurance
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700 & Above Employee
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Underwriter - Energy
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Jun 2011 - Oct 2014
- Experience in writing, quoting and leading complex Energy Propgrams. Authority held in Physical Damage, Control of Well, Business Interruption and Offshore Construction.- Underwrote a global book of business and acted as the lead reinsurance underwriter on numeroushigh profile, international accounts.- Actively involved throughout the local market; good relationships held with all the major brokers and local cedants.
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Risk Engineer - Construction
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Jul 2008 - Jun 2011
Serviced the Risk Engineering needs of London’s global book of construction business:- Circa 130 Zurich led policies worth €44m GWP covering CAR, Public Liability, and Delay in Start‐up.- CAR based engineering surveys covering risks in the UK, Germany, Belgium, Russia, North America, South America, and the Caribbean.- Played an active role in the development of 'Subguard' to prospective clients and the engineering support to existing clients (including Wates, Lend Lease, and Hochtief).- During this time I organised and implemented a year‐long international rotation to develop my proficiency in the Subguard product, with assignments in Schaumburg, New York, and Dallas. Show less
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Global Associate Programme (GAP)
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Sep 2007 - Jul 2008
One year company introduction with training, mentoring and assignments across different countries and functions. Hired within the European Actuarial Cat modelling department.
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Laing O'Rourke
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Construction
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700 & Above Employee
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Onsite Civil Engineer
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Sep 2005 - Aug 2007
- Selected for the company’s fast‐track graduate training scheme as a site‐based civil engineer - Responsible for the onsite selection, pre‐qualification, co‐ordination and management of various subcontractors and suppliers. ‐ Responsible for managing subcontractor and supplier progress payments including on‐site checks of quality control, method statements, risk assessments and safe systems of work. - Selected for the company’s fast‐track graduate training scheme as a site‐based civil engineer - Responsible for the onsite selection, pre‐qualification, co‐ordination and management of various subcontractors and suppliers. ‐ Responsible for managing subcontractor and supplier progress payments including on‐site checks of quality control, method statements, risk assessments and safe systems of work.
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Education
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University of Nottingham
Master of Engineering (MEng), Civil & Structural Engineering -
PETEX
Intro to Offshore Operations ‘Rig School’ -
NEBOSH
Construction Health & Safety Certificate -
Bucknell University
One year Scholarship Program, Civil Engineering