Ex-Ardonagh and Towergate leader joins MGA Aspect

MGA Aspect has appointed Paul Youdan-Smith as its new wording specialist.

In his new role, Youdan-Smith will be leading on policy wordings, providing simplified wordings for smaller businesses and bespoke wordings for key industries.

He will also oversee the day-to-day development and maintenance of Aspect’s wordings and binders, as well as work on long-term projects.

This includes computable contracts and advising on Aspect’s use of bespoke artificial intelligence (AI) models for policy wording comparisons.

Youdan-Smith said: “Joining the Aspect team as they bring a fresh perspective to the industry is an exciting challenge.

“I look forward to working with the team and bringing my extensive experience in insurance policy wording best practice to bear as the business continues to grow.”

Experience

Youdan-Smith brings nearly 40 years of insurance industry experience to the Aspect team.

Firms he has worked at include Ardonagh, where he was head of counterparty contracts, as well as Towergate Insurance, where he served as contract manager.

He was also in charge of SME delegated authority contracts at Lloyd’s for two years.

Oli Williamson, co-founder and chief underwriter at Aspect, said: “We set up Aspect to do things differently and this means delivering a more efficient product, compatible from the outset with the technologies that drive a modern business. 

”Youdan-Smith’s depth of experience in policy wordings will help us deliver this, ensuring simple, adaptable and computable wordings and more efficient underwriting as a result.

“His work will enable us to continue pushing to do what we do best – run towards the tough risks that other insurers avoid.”