LONDON 05 November 2024:

Brace Underwriting Limited (‘’Brace’’), the Beat Capital-backed, multi-line alternative risk specialist underwriter, today announces the appointment of Richard Wheeler as Senior Underwriter, effective immediately. He will be based in London and reports to Tom Sambrook, Head of Underwriting.

In his new role, Wheeler will tap his extensive knowledge of the international property sector and experience handling multi-line placements to further enhance Brace’s underwriting portfolio. He will also manage client engagement and portfolio optimisation to ensure all business aligns with the company’s underwriting strategy.

Wheeler brings more than 15 years of insurance experience to Brace. He previously worked as an underwriting data manager for Liberty Specialty Markets (LSM). He joined LSM as a senior business and strategic development underwriter in 2008, being promoted to his most recent role in 2022.  Wheeler started his underwriting career as an underwriting assistant at Argenta Syndicate Management in 2004.

Sambrook said: “We are committed to attracting market leading underwriters who align with our values to help drive strategic, opportunistic, and valuable growth for Brace. His considerable underwriting experience combined with his knowledge of data management makes Richard an excellent candidate for this role. We look forward to welcoming him to the Brace team.”

Wheeler said, “Brace’s innovative and data-driven approach to underwriting and ability to focus on establishing meaningful and long-term partnerships made this an excellent opportunity for me. I look forward to working with CEO Adam Holberry, Tom and the rest of the underwriting team as we work to further build out Brace’s portfolio.”

ENDS

Media Contacts

For Brace:

David Haggie, Haggie Partners    david@haggiepartners.com                                      +44 2075624444

Olivia Thomson, Haggie Partners  olivia.thomson@haggiepartners.com                    +44 2075624444 

Kate Smith, Ambac Financial Group  ksmith@ambac.com                                               +1 212 208 3452

About Brace Underwriting

Brace Underwriting Limited was formed to meet the global demand for tailored insurance products and to stand shoulder to shoulder with partners who want to transform risk into opportunity.  Brace specializes in Alternative Risk binders, focusing on specialist MGAs that come to market with a differentiated product, an alternative distribution method, or expertise in a niche.  Based in Lloyd’s, Brace is part of Beat Capital Partners, writing consortia operated by Beat Syndicate 4242, an established Lloyd’s syndicate benefiting from Lloyd’s A+ rating.

About Beat Capital Partners  

Beat Capital Partners is a London-based incubator of underwriting franchises which offers select individuals and teams infrastructure, risk capital, and highly rated paper, alongside experienced guidance and support from its seasoned management team. Beat has launched multiple  businesses since its founding in 2017 and services Lloyd’s Syndicates 4242/1416. Beat is a subsidiary of Ambac Financial Group, Inc. (NYSE: AMBC).   For more information, see www.beatcapital.com.