MSIG USA, a specialist insurance provider operating in the United States and part of the international MS&AD Insurance Group, has named Andrew Pateyuk as its new Head of Retail and Wholesale Property.
The appointment forms part of the insurer’s plans to develop its property underwriting business and expand its presence in the US specialty insurance market.
Pateyuk joins the company with more than two decades of experience in the insurance industry, specialising in commercial property underwriting, industrial risks, catastrophe-related exposures and portfolio oversight. According to MSIG USA, his appointment will support the development of its retail and wholesale property portfolios.
“Andrew brings the technical expertise, underwriting judgment and leadership experience needed to advance our property business,” commented Peter McKenna, Chief Executive Officer of MSIG USA. “His background across underwriting and risk engineering, combined with his understanding of the retail and wholesale markets, will be instrumental as we continue to expand our capabilities while maintaining the discipline and consistency that underpin our long-term strategy.”
As part of his responsibilities, Pateyuk will direct the insurer’s retail and wholesale property underwriting activities, including the development of underwriting policies, management of portfolio performance and identification of opportunities for profitable expansion.
MSIG USA stated that he will work alongside senior underwriting and distribution executives to coordinate its property insurance strategy. The company also intends to use analytical tools, underwriting data and specialist knowledge to inform risk assessment and business decisions.
Prior to his appointment, Pateyuk worked at SCOR Business Solutions as Senior Vice President and Head of Complex Property and Power Generation Underwriting for North America. During his tenure, he was responsible for managing underwriting activities and portfolio results involving substantial commercial and industrial property exposures, including energy generation assets and risks associated with natural catastrophes.
His earlier career included senior underwriting and management appointments with Allianz and Munich Re, following previous experience at FM Global. These positions provided experience across different areas of commercial property insurance, underwriting management and risk engineering.
In terms of academic qualifications, Pateyuk earned an MBA from Chadron State College and a bachelor’s degree in chemical engineering from McGill University.
According to MSIG USA, the appointment is consistent with its broader approach to recruiting experienced underwriting professionals as it develops its specialty insurance business. The insurer said its strategy remains focused on technical underwriting standards, analytical capabilities and portfolio management to support its longer-term objectives in the US market.
