MS Amlin Underwriting hire new Head of Sustainability & ESG

MS Amlin Underwriting Limited, the Lloyd’s global specialty (re)insurer, has announced the appointment of Amir Sethu as Head of Sustainability & ESG, a newly created role. 

Sethu will take up the role later this month and as Head of Sustainability & ESG, he will be responsible for both the continued development and implementation of MS AUL’s ESG strategy, as the business brings together a diverse range of ongoing and new initiatives operating under a comprehensive ESG framework.

Extensive experience and strong track record

With more than two decades of industry experience,  Sethu joins from Lendurance, a boutique ESG focussed commercial lender he co-founded in Singapore before exiting the business earlier this year. 

Prior to this, Sethu spent seven years as a Director at KPMG, advising a broad spectrum of commercial firms on ESG and broader strategic change initiatives.  He also spent eight years as Group Head of Internal Audit at Brit Insurance.

Martyn Rodden, Director of Strategy & Transformation, said: “I am delighted that Amir will be joining MS AUL in this newly created sustainability role. His extensive experience in the ESG and CSR landscape, alongside his creative thinking and track record of developing and delivering complex projects, will undoubtedly be critical to our strategic journey and meaningful output in this rapidly evolving space. As the industry reflects on the road ahead, Amir’s appointment signals MS Amlin’s continued commitment to investing in and building on our ESG expertise and capabilities to support our policyholders, the market and broader global community.”

Increasing focus on ESG and sustainability 

Identifying, understanding and managing risks are at the core of the insurance industry. All risks have various dimensions, but the environmental, social and governance (ESG) profile of a risk is a dimension that has only recently found its way into risk analysis in the industrial insurance segment.

Many companies are focusing on becoming more sustainable, in order to help reach net-zero goals. According to BlackRock, Covid-19 has accelerated its focus on ESG, with many commentators calling for a “Green Recovery” out of the pandemic.