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March 2010
US insurer Chartis has announced Alexander Baugh will assume the newly created position of president and CEO of Chartis Europe Holdings.
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Transamerica Reinsurance has appointed Larry Moews as senior vice-president, chief actuary and chief risk officer.
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Zurich Financial Services Group has announced the appointment of Pascal Perritaz to the position of chief financial officer of Asia-Pacific and Middle East (APME), effective April 1 2010.
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Brit Insurance, the international insurance and reinsurance group, today announced the establishment of its own Australian office, replacing its previous third party arrangement.
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Stewart Specialty Insurance Services (SSIS) has appointed Tom Carpentier as division president.
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Scott Rasor has been appointed as head of Zurich North America's commercial construction group.
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Navigators Management has expanded its professional liability division by appointing a new architects and engineers team.
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Ace UK has strengthened its environmental risk team with the appointment of Victoria Keeble as environmental risk underwriter.
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US insurance broker Marsh has announced the appointment of Jonathan Zaffino as US global risk management (GRM) casualty practice leader.
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Marsh & McLennan Agency, a unit of Marsh, has added three executives to its senior leadership team.
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Property/casualty insurer, Fireman’s Fund Insurance, has appointed David Zona as senior vice-president of product management in commercial insurance.
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CNA Financial has named five commercial underwriting officers. Nancy Fallgren will be located in Seattle, Eva Gonzales will be based in New Jersey, Bruce Hay will work in Nashville, Frank Jevitz will be based in Lombard and Tony O’Sullivan will work in Columbus.
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Guy Carpenter has appointed senior executives in its Buenos Aires office. The company has named Roberto Glogau as country head in Argentina.
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Radian Group’s mortgage insurance unit, Radian Guaranty, has named Robert Griffith as executive vice-president and chief operating officer.
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United States Aircraft Insurance Group (USAIG) has added two attorneys to its claims team.
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General Re Life has made appointments to its North American reinsurance unit, Gen Re LifeHealth.
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Ironshore has announced the appointment of Daniel Sussman to head the expansion of its platform for political risk insurance lines and other trade related insurance coverages.
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Independent insurance and reinsurance broker Miller has appointed Jeremy Mander to expand its treaty business.
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Before it issues outstanding retention pay, American International Group (AIG) has quizzed ex-Financial Products division employees about how much they have earned since leaving the company, reports Reuters.
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February 2010
Specialty insurer, The Navigators Group, has added Marjorie Raines to its board of directors. Most recently, she was executive vice-president - chief investment officer of Chubb Group of Insurance Companies.
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RenaissanceRe has elevated Peter Durhager to the role of executive vice-president. He will report to the reinsurer’s CEO, Neill Currie and will continue his role as chief administrative officer.
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Research released today by the Chartered Insurance Institute (CII) shows that 83% of students would never consider a career in insurance.
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Bermudian reinsurance firm Everest Re Group has announced the appointment of Roger Singer to its board of directors.
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Anne-Sofia Hedin has been appointed general manager of Markel Sweden, which is based in Stockholm and provides insurance products across Nordic countries, the Baltic states and Russia.
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Oamps Insurance Brokers has hired former Axa Australia state manager, Michael Meysztowicz, as head of its life insurance advice division.
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Zurich has added Richard Calvert and Warren Puffer to its North American environmental team.
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Edward Kelly, vice-chairman of Citigroup, will retire from the board of directors of US insurer The Hartford.
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HSBC’s head of insurance, Clive Bannister, is resigning at the end of March 2010, The Wall Street Journal reports.
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Steve Peeters has joined Main Street America Group as vice-president of commercial lines product, reports. Peeters will report to the insurer’s chairman, president and CEO, Tom Berkel.
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US reinsurance firm Transatlantic Holdings today announced that William Poutsiaka has resigned from the board.
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XL Insurance, XL Capital's global insurance operations, has appointed Seraina Maag as CEO of its North America property/casualty (P/C) unit. She succeeds Dennis Kane, who is retiring at the end of the year.
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Ace Group (Ace) has appointed senior executives to its newly-formed global client executive team.
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Allianz Life Insurance Company of North America has named Kara Barrow as the new senior counsel.
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Allstate has appointed Peruvemba Satish as managing director and chief risk officer, investments.
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ING has restructured its pay policy for management board members, Financial Times reports.
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PartnerRe Global’s chairman, Bruno Meyenhofer, will step down. Meyenhofer, who will retire on March 31, 2010, has held the position as chairman of PartnerRe’s global, non-US operations since July 2008.
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Alea Group Holdings (Bermuda) has appointed Jeffrey Rosenthal as president and CEO. He is replacing Mark Cloutier, who is leaving the firm on March 31, 2010.
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Bermudian insurance and reinsurance firm Endurance Specialty Holdings today announced that, effective March 1 2010, David Cash will become its chief executive officer.
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Reinsurer Validus has appointed John Fitzpatrick to its board of directors. The appointment will increase the number of board members to 12.
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Reactions will be recognising the best companies, teams and individuals in the London market with our Reactions London Awards 2010 programme, and we need your help. Have your say now!
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Timothy Schiltz has been appointed senior vice-president of SunAmerica Financial Group and, effective April 1 2010, will be named chairman of AIG Star Life Insurance and AIG Edison Life Insurance Company.
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Benita Ferrero-Waldner has joined German reinsurer Munich Re’s supervisory board.
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Hiscox has appointed Graeme King as underwriter - international TMT.
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RiskProNet International has appointed Gerry O’Connor as president. Most recently, he was senior vice-president with AAI, a unit of Old National Insurance.
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The board of Axa Equitable Life Insurance has made three appointments to the group’s senior management.
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US insurer The Hartford Financial Services Group announced today that Christopher Swift will join the company as executive vice-president and chief financial officer, effective March 1.
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Dawn Dillaway has been appointed as head of commercial underwriting for Groupama Insurance.
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Iron-Starr Excess Agency has appointed Lawrence Engrissei as senior vice-president, claims manager of the Bermuda-based specialty lines entity.
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Allianz’s management board member and Allianz Deutschland’s board of management chairman, Gerhard Rupprecht, is retiring at the end of the year.
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Brit Insurance has appointed Ian Powell to the newly-created role of chief information officer. Reporting to chief operating officer Malcolm Beane, he takes up his position immediately.
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John McNally has been hired by Beazley to head a new team. He will be based in London and report to the head of Beazley’s global management liability team, Neal Wilkinson.
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Chaucer Insurance, the UK Division of Chaucer Holdings, has appointed Ken Hutchinson as the head of e-commerce.
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Brit Insurance has revamped its underwriting and business development teams within the Glasgow office.
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Chartis, American International Group’s property/casualty and general insurer, today announced the appointment of Gretchen Hayes as chief diversity officer.
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American International Group (AIG) has launched a new performance-based system to determine how employees get incentive pay, reports the Wall Street Journal.
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Resolution has appointed Malcolm Williamson as chairman of Friends Provident Holdings.
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The Travelers Companies has appointed Bill Cunningham as executive vice-president of business insurance.
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Hector Sants resigned as CEO of the UK Financial Services Authority (FSA) on Monday, throwing the future of future role of the FSA into confusion.
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Ace Group unit, Ace Westchester, has appointed Bruce Kessler as president.
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American International Group announced Monday that Peter Hancock will join AIG as executive vice-president, finance, risk, and investments.
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Marsh has appointed Eleni Petros as a senior vice-president in its financial and professional (Finpro) practice.
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AIG today announced that Peter Hancock will join AIG as executive vice president, finance, risk, and investments. Some believe Hancock’s appointment positions him as a potential successor to Robert Benmosche, AIG’s CEO.
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Two brokers from RFIB’s property facultative team are set to join rival insurance broker Miller Insurance Services, Reactions has learned.
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Larry Glasscock, chairman and member of the board of directors of health insurer WellPoint, is leaving the US health benefits firm on March 1. Angela Braly has been appointed by the board to replace Glasscock.
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Steven Udvar-Hazy has stepped down as CEO of American International Group’s aircraft leasing unit, International Lease Finance Corporation (ILFC), which he founded in 1973.
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Zurich Financial Services has nominated Josef Ackermann for the position of a member of its board of directors.
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Allied World Assurance Company has appointed Theana Iordanou as the vice-president and manager of the New York regional branch.
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American Safety Insurance (ASI) has appointed underwriters to expand its specialty property and casualty divisions.
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Conseco has added Charles Murphy to its board of directors. He is a senior vice-president at Paulson & Company and an analyst responsible for the insurance industry.
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SeaBright Insurance Holdings has hired Scott Maw. Maw, who will be based in Seattle, will join as CFO and senior vice-president.
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Catlin Group announced Thursday that Martin Zingg has been appointed chief investment officer of the Catlin Group with effect from March 1, 2010.
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Groupama has appointed Christian Collin as chief financial and risk officer.
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Insurance broker Marsh has appointed Martin Clark as UK leader of its energy claims team.
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Willis Group Holdings has appointed Stephen Wood, the company’s global group financial controller, as interim chief financial officer.
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US insurer AIG has named six executives, including the appointment of an ex-Lehman Brothers lawyer as general counsel.
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UK-based legal insurance firm Arag UK has made two further appointments; Paul Mather and Carrie-Anne Woods. These latest hires follow last week’s appointment of three new staff.
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CV Starr & Company announced Tuesday that Michael Garrison has been appointed president and CEO of CV Starr & Company (California).
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XL Insurance has hired Patrick Tannock as president and country manager.
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Ace Group has named Les Forrest managing director of its Egyptian life insurance unit.
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Insurance broker Aon has made six new appointments to its general aviation team, specialising in industrial aid and commercial aircraft.
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Farmers Insurance has promoted Susan Bithell to the position of vice-president and chief underwriting officer.
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Lancashire Holdings said Monday it has appointed Len Messenger chairman of energy for the company’s UK operating subsidiary, Lancashire Insurance Company (UK).
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Global specialty insurer Torus has appointed Carl Groth as group chief risk officer with immediate effect.
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January 2010
Zurich has expanded its North American commercial energy casualty business unit with the two appointments.
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Axa has appointed Jacques de Vaucleroy as CEO of the northern, central and eastern Europe region as of March 15, 2010.
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Farmers Insurance Group has appointed Dan Schrock as vice-president of expansion markets.
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The new director of underwriting performance at Lloyd’s has a big challenge to fill the shoes of his predecessor, Rolf Tolle.
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MetLife has appointed Cheryl Grisé as lead director of the company’s board of directors.
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Zurich has hired Steve Gillen as global head of marine claims.
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Beazley Insurance has appointed Jayne Cunningham to its environmental liability team.
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Endurance Specialty Holdings has appointed Nicholas Campbell. Campbell will join as senior vice-president and head of specialty treaty reinsurance at Endurance Specialty Insurance.
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Groupama Insurance has appointed Glyn Hughes as personal lines pricing and planning manager.
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Jacques Aigrain, the former chief executive of Swiss Re, has joined UK insurer Resolution as one of a trio of independent directors, the company said Wednesday.
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A unit of Liberty Mutual has reorganised its US specialty casualty business.
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Towergate Underwriting has named Scott Brown chief executive officer for commercial underwriting.
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Two senior managers at the adviser services team at AIA Australia have left the firm.
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Steven Udvar-Házy, the chief executive officer of AIG’s aviation leasing unit, is expected to leave the company as soon as this week reports the Wall Street Journal.
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US insurer AIG has restricted the personal use of its company planes for all executive officers apart from its chief executive officer Robert Benmosche, reports the Wall Street Journal.
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Chaucer Syndicate 1084 has appointment Brian Everall as head of its specialist lines division.
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Specialty property/casualty insurer Markel International has appointed Simon Wilson to the role of director, international development.
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Willis North America has promoted Alastair Swift to chief placement officer.
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Allianz Life Insurance Company of North America has named Ross Bowen as the vice-president of profitability management.
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Insurance broker Marsh has appointed Andrew Herring as leader for the Americas of its London-based wholesale energy practice.
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Willis Group has renewed the contract of its chairman and CEO, Joseph Plumeri. He will stay on at global insurance broker until July 7, 2013.
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Lloyd’s chairman, Lord Levene, has been named the 2009 Insurance Leader of the Year by the St John’s University School of Risk Management at its 15th annual award dinner in New York last night.
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Global insurance broker Willis Group Holdings has extended the contract of its chairman and CEO, Joe Plumeri.
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Great Lakes Reinsurance has appointed the former group chief executive of Global Aerospace Underwriting Managers as a non-executive director and chairman of the company.
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US brokerage firm Marsh & McLennan Companies announced today that it has elected Edward Hanway as a director.
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Grinnell Mutual Reinsurance has appointed Phyllis Steffen as vice-president of the direct claims unit.
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Prudential has named Lee Won-ki as CEO of its Korean funds business, PCA Investment Trust Management.
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Zenith Insurance, an insurance subsidiary of Zenith National Insurance, has appointed Judge Pamela Foust.
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AIG is looking to reduce and bring forward the payment of retention bonuses at its financial products division, reports the Wall Street Journal.
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Axa Group Solutions has appointed Pascal Buffard as CEO.
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Chartis, the general insurance unit of American International Group, has named ex-Validus executive Samir Shah senior vice-president and chief risk officer.
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Bermudian insurance and reinsurance group Endurance Specialty Holdings, today announced the appointment of Kimberly Morgan as practice leader for Endurance’s Bermuda healthcare practice.
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Specialist fraud police are hunting for a UK-based insurance broker who was expelled from the financial services industry for defrauding doctors’ surgeries in a £400,000 scam, UK newspaper The Times reports.
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Christian Torkington has been hired as group information and operations director for Scottish insurer, Standard Life, Financial Times reports.
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Torus, the global specialty insurer, has appointed David Ring to lead its newly created London-based general property team.
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The British Insurance Brokers’ Association (Biba) has appointed Brendan McManus, CEO of Willis UK & Ireland and Ken Davidson, chairman of Crispin Speers, to its board.
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Peter Chung has decided to step down from the board of directors of SeaBright Insurance Holdings.
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Matthias Aellig has joined Swiss Life Group as its new chief risk officer.
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Brit Insurance has appointed Neil Russell and Joachim Tolle as underwriters in its global markets business unit. They take up their new positions immediately.
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The Financial Services Authority (FSA) has banned Stephen Allen, a director of insurance broker, Fabien Risk Services, for failing in his duties as a director of a regulated firm.
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Insurance and reinsurance company Ace Group has announced the appointment of John Lupica to chief operating officer, insurance for North America.
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The property/casualty insurance unit of wholesale insurance broker Crump Group is making key management changes.
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MetLife has named Peter Smyth as regional managing director for the Asia-Pacific region.
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Frank O’Halloran, CEO of Australian insurer QBE Insurance Group, has been announced as the 2010 Insurance Hall of Fame winner.
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XL Insurance today announced the expansion of its US aviation underwriting team with the opening of an aviation branch office in San Francisco and an addition to its New York-based underwriting staff.
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Brit Insurance has appointed Sean Norris as head of group services.
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Thomas Scherer has been named senior vice-president and general counsel for Chartis, the general insurance operations of American International Group.
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Ironshore has announced that its Bermuda property division has increased its available line size to $25m effective immediately.
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Reactions canvassed executive search firms worldwide to produce a list of who they believe will be the top leaders of the future. Here are the names they came up with.
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US property-casualty insurer Zenith National Insurance has appointed Janet Frank as an executive vice-president.
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Ace European Group has appointed Iain Ainslie as the technology and cyber liability underwriter.
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UK insurance and reinsurance firm Brit Insurance has appointed Peter Grocock as head of its Bristol office, effective today.
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International brokerage Arthur J Gallagher & Co today announced that Scott Hudson has joined its property/casually subsidiary, Gallagher Bassett Services, as its president and chief executive officer.
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Cooper Gay, the global independent reinsurance and specialist retail insurance broker, has announced the appointment of Sam Hovey as chief financial officer of the group’s UK subsidiary, Cooper Gay & Co.
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Bermudian reinsurer RenaissanceRe Holdings today announced a consolidation of its global underwriting organisation.
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Thompson Heath & Bond, THB’s Lloyd’s broking arm, has enhanced its international treaty platform by hiring three senior brokers specialising in the Latin American, Caribbean, Middle Eastern and Asia/Pacific territories.
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QBE Regional Insurance, the US property/casualty specialty insurance company, has named Andy Doll as commercial lines senior vice-president.
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The excess and surplus lines business segment of Argo Group International Holdings has announced the appointment of Michael Denton as senior vice-president of its specialty property department.
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The Hartford Financial Services Group has appointed Liam McGee president of the company, in addition to his roles as chairman and chief executive officer.
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Zurich has named Doug Bergen as south-west US regional property manager. Bergen will join Zurich’s Global Corporate in North America business unit and will be based in the Glendale, California office.
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The role of an actuary has been ranked as the best job for 2010 by the online job site CareerCast.
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US insurance broker Brown & Brown has announced Jim Henderson, its vice-chairman and chief operating officer and a member of its board of directors, will retire in August of this year.
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HCC Insurance Holdings has named Frank Ahlborn as vice-president and treasurer. He will report to Tobin Whamond, executive vice-president and chief financial officer of HCC.
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Global specialty insurer Torus has appointed a renewable energy team from HSBC Intermediary Solutions to write primary lines of general liability and auto liability for renewable energy.
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QBE has appointed Chris Tomkins to the position of senior property underwriter at its Birmingham-based operation in the UK.
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XL Insurance, the global insurance operations of XL Capital, has appointed two financial institutions underwriters to its London-based professional lines team.
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Liberty Syndicate Management, a member of Liberty Mutual Group, has appointed Kirk Maddern to the position of chief operating officer.
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Privately owned reinsurance broker Lockton Re has expanded its presence in the US with the appointments of three new executives at its offices in New York and Kansas City.
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Bermudian Max Capital Group has appointed Joseph Monk as global chief actuary.