UP CLOSE: Carl L. Bach III
Reprints
LONDON-BASED MANAGING DIRECTOR OF NAVIGATORS UNDERWRITING AGENCY LTD. AND PRESIDENT OF LONDON MARKET INSURANCE
PREVIOUS POSITION: London-based president of NavPro (a unit of Navigators) and International Casualty Corp.
LOOKING FORWARD TO: Building on the momentum in our London and European offices. Executing our five-year strategy to grow our international business.
GOALS FOR NEW POSITION: Broaden our product offering from London and our Nordic and European offices. Grow our market share within the Lloyd's market. Reduce our operating expenses and improve profitability.
CHALLENGES FACING INDUSTRY: Over-supply of capacity creating pressure on pricing across most product lines. Low levels of investment income place greater importance on underwriting and risk selection.
FIRST INDUSTRY JOB: D&O underwriter at Reliance National Insurance Co. in New York, focusing on middle market business, although first introduction to the industry was as an intern for Nicholson Jenner Leslie Group Ltd. in London.
ADVICE: Work hard, build a network internally and externally, and have fun.
OUTSIDE THE INDUSTRY, A DREAM JOB: Travel journalist.
HOBBIES: Basketball, travel and photography.
THING MOST PEOPLE DON'T KNOW ABOUT ME: I love to cook. I'm not very good, but trying different recipes is relaxing and, at times, satisfying.
WHEN I RETIRE: I would love to travel the world.
FAVORITE MEAL: A few years back I went to The Fat Duck (a three-star restaurant in Bray, England) with my team. The combination of the experience and the company was by far my favorite meal.
FAVORITE BOOK: “On the Road” by Jack Kerouac.
CAN'T-MISS TELEVISION SHOW: “True Detective.” I loved the first season and am very excited about the second.
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