Exposure Manager, Charles Taylor Managing Agency
Insurance syndicates need to avoid building up exposures to risk concentrations in vulnerable areas if they are to prevent facing unexpectedly large losses following a natural catastrophe or man-made disaster. That’s where Gemma Smyth, Exposure Manager for Charles Taylor Managing Agency (CTMA), comes in.
“I make sure that our client, Syndicate 1884, is not exposed to excessively large losses from catastrophic events,” says Gemma. “Say a hurricane hit the US East Coast and there was a concentration of risks exposed to claims in that region, the results could be calamitous. The same could be true if it had a lot of risks in a small area where a fire or explosion could occur, such as the Tianjin blasts.” Gemma works closely with CTMA’s Chief Risk Officer and Chief Actuary to support Syndicate 1884’s Active Underwriter and ensures that risks across all business lines are monitored continuously.
A Mathematics and Statistics Master from Newcastle University, Gemma has worked in the London insurance market for nearly ten years. She joined Charles Taylor in 2015 from Lloyd’s underwriter Allied World, where she focused on cargo exposures, following five years’ experience at Faraday’s Lloyd’s operation, concentrating on property risks.
“Charles Taylor is a great place to work as our colleagues have such a wide range of expertise and work across so many areas of the insurance market. We’re already looking at how we can develop our risk modelling services for other areas of the Group,” she said.