’His understanding of the specialty insurance market, commercial perspective and experience of businesses at different stages of growth and evolution make him a natural fit,’ says chief underwriting officer
Clearwater Underwriting has appointed Henry MacHale as its new chief executive.
His appointment comes as the Aquiline-backed firm seeks to build a multiline specialty underwriting business, expanding beyond its established marine operations.
The MGA plans to grow through new underwriting capabilities, expansion into selected classes and markets and targeted mergers and acquisitions.
It said underwriting discipline and sustainable long-term profitability would remain central to its strategy as it expands the platform, supported by its broker and capacity relationships.
Richard Young, chief underwriting officer at Clearwater Underwriting, said: “The appointment of MacHale as our chief executive marks an important milestone for Clearwater Underwriting.
”We have built a strong business with an experienced team and see significant opportunity for its continued development. His understanding of the specialty insurance market, commercial perspective and experience of businesses at different stages of growth and evolution make him a natural fit.”
Market experience
MacHale brings extensive specialty insurance experience to the position.
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He held senior roles at Aspen, including portfolio director for first party and specialty lines, as well as chief underwriting officer at AIUK Insurance.
Most recently, he was chief underwriting officer and head of strategy for international markets at Sompo.
MacHale is expected to take up his new role in the second quarter of 2027.
He said: ”I have been hugely impressed by the quality of the business, the expertise of the team and the ambition for its future. I look forward to working alongside the team to build on these foundations and deliver on Clearwater Underwriting’s ambitions for the next phase of its development.
“I am extremely grateful to Sompo for the opportunities and experience I have gained during my time with the organisation. It has been a privilege to work as part of a leading global balance sheet business and I wish the team all the best for the ongoing growth and success of the business.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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