Baldwin Group Announces Executive Appointments to Drive Next Phase of Growth in UCTS

15/07/2024 – 10:00 AM

TAMPA, Florida.–(BUSINESS WIRE)– Baldwin Group today announced three executive appointments to help lead the MGA and non-MGA segments within its Underwriting, Capacity, and Technology Solutions (“UCTS”) Operating Group as it continues to grow and expand.

Amy Carlisle, Head of Product Management, Millennial Specialty Insurance, LLC (“MSI”), an indirect subsidiary of The Baldwin Group, has been named President, MGA Solutions. Austin Rock, Executive Director of Strategy and Innovation, The Baldwin Group, has been named President, Capacity Solutions. Both promotions are effective immediately. Carlisle and Rock will continue to report to Jim Roche, President, The Baldwin Group and Chief Underwriting, Capacity and Technology Operations Officer. Additionally, Ryan Fauls has joined The Baldwin Group as Chief Technology Officer, UCTS, effective immediately. Fauls will report to Roche.

“With these key leadership appointments, we are strategically positioning ourselves to drive innovation and growth in the next chapter of our expansion,” Roche said. “We are confident that their visionary leadership and extensive experience will ensure that we continue to grow and achieve our ambitious goals while remaining a customer-focused, entrepreneurial organization.”

Carlisle joined MSI two years ago as Head of Product Management, overseeing the management, development and optimization of MGA’s insurance product suite and the actuarial function. In her new role as President of MGA Solutions, Carlisle will lead the MGA organization to support expansion into new MGA businesses, combined with a continued focus on underwriting discipline and exposure management. Prior to joining MSI, Carlisle was a senior leader at Liberty Mutual Insurance, where she held leadership positions in multiple functional areas across the personal and commercial insurance businesses.

In his new role as President of Capacity Solutions, Rock will oversee the company’s growing suite of non-MGA, capacity-focused UCTS businesses, including the recently formed Juniper Re, LLC reinsurance brokerage platform and the firm’s captive management practice, as well as optimizing MGA’s relationships with insurance and reinsurance partners. Previously, as Executive Director of Strategy and Innovation, Rock was directly involved in key initiatives related to expanding the MGA product suite and driving the long-term growth potential of the UCTS segment. Rock joined The Baldwin Group in early 2020, shortly after the company’s IPO, which he helped lead in his previous role at investment bank J.P. Morgan.

As Chief Technology Officer, Fauls will be responsible for developing and implementing UCTS’ technology strategy. He will oversee all aspects of engineering, digital products, and technology innovation and operations to help drive UCTS forward. Prior to joining The Baldwin Group, Fauls served as Chief Technology Officer and Chief Information Officer across a variety of sectors, including financial services and travel management.

ABOUT THE BALDWIN GROUP

Baldwin Group, a brand of The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) and its subsidiaries, is an independent insurance distribution company that provides essential expertise and insights that strive to give our clients the confidence to pursue their purpose, passion and dreams. As a team of dedicated entrepreneurs and insurance professionals, we are united in helping to protect what is possible for our clients. We do this by delivering bespoke solutions, services and innovation to our clients through our comprehensive and customized approach to risk management, insurance and employee benefits. We support our clients, associates, insurance partners and communities by deploying vanguard resources and capital to fuel our organic and inorganic growth. Baldwin Group proudly represents over two million clients in United States and internationally. For more information, visit www.baldwin.com.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that represent Baldwin’s expectations or beliefs regarding future events. Forward-looking statements are statements other than historical facts and may include statements regarding Baldwin’s future operating, financial or business results or Baldwin’s strategy or expectations. In some cases, you can identify these statements by forward-looking words such as “may,” “could,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outlook” or “continue” or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, events and business decisions to differ materially from those anticipated in these statements.

Factors that could cause actual results or performance to differ from the expectations expressed or implied by such forward-looking statements include, but are not limited to, those described in the “Risk Factors” section of Baldwin’s Annual Report on Form 10-K for the year ended December 31, 2023 and in other documents filed by Baldwin with US Securities and Exchange Commission (the “SEC”), which are available free of charge on the SEC’s website at www.sec.gov, including risks and other factors relevant to Baldwin’s business, financial condition and results of operations. If one or more of these risks or uncertainties materializes, or if underlying assumptions prove incorrect, actual results could differ materially from those indicated. All forward-looking statements, and all subsequent written and oral forward-looking statements attributable to Baldwin or persons acting on behalf of Baldwin, are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date hereof, and Baldwin undertakes no obligation to update any forward-looking statements, whether in light of new information, future events or otherwise, except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240715517848/en/

MEDIA RELATIONS

Anna Rozenich, Senior Director of Corporate Communications, The Baldwin Group

630.561.5907 | [email protected]

INVESTOR RELATIONS

Bonnie Bishop, Executive Director, Investor Relations, The Baldwin Group

813.259.8032 | [email protected]

Source: The Baldwin Group

Frequently asked questions

Who has been appointed CEO of the UCTS segment at Baldwin Group?

Baldwin Group has named Amy Carlisle president of MGA Solutions, Austin Rock president of Capacity Solutions and Ryan Fauls chief technology officer of UCTS.

What is Amy Carlisle’s new role at The Baldwin Group (BWIN)?

Amy Carlisle has been promoted to President, MGA Solutions, The Baldwin Group, where she will lead the MGA organization, supporting expansion into new MGA business areas and focusing on risk assessment discipline.

What responsibilities will Austin Rock oversee in his new position at The Baldwin Group (BWIN)?

As the new President of Capacity Solutions, Austin Rock will oversee UCTS’ growing group of non-MGA capacity-focused businesses, including Juniper Re, as well as the company’s equity capital management business.

What are Ryan Fauls’ responsibilities as the new UCTS Technical Director at The Baldwin Group (BWIN)?

As Chief Technology Officer at UCTS, Ryan Fauls will be responsible for developing and implementing UCTS’ technology strategy, overseeing engineering, digital products and technology innovation to drive growth.