Price Forbes & Partners is delighted to announce the latest addition to its expanding Energy team. Andrew Threadgold will be joining Price Forbes from Marsh as soon as contractual commitments allow. Andrew has over 26 years’ technical experience serving a wide variety of oil companies and oil service providers. Prior to Marsh, he worked for HSBC Insurance Brokers, Heath Oil & Gas and Sedgwick.
RFIB Holdings CEO Marshall King, appointed effective 7th September 2009 (in succession to Patrick Holcroft), is leaving the London-based broker and is quoted as saying that he would now like to take his career in another direction. His successor, subject to FSA approval, will be current group CFO Jonathan Turnbull. In turn, subject to approval, Turnbull's successor will be Nigel Cotton, effective 1st November 2011. Cotton will join from Willis where he has worked since 1994.
On 24th October, it was reported that insurer Groupama, France, had removed its Chief Executive Jean Azema following a series of adverse developments including rating downgrades by rating agency Standard & Poor's. He will be replaced by Thierry Martel, Head of General Insurance and Groupama's French banking unit.
On 27th October, RSA Group Insurance plc, UK, referring to the 4th August announcement that Andy Haste intended to step down as Group Chief Executive, said that Simon Lee will succeed Haste with effect from 1st November 2011. Haste will retire from the Company and the Board of RSA on 31st December 2011.
On 17th October, Niall Scott took up appointment as Managing Director of The Offshore Pollution Liability Association Limited (OPOL). More than 125 companies are members of OPOL, which supervises and administers an Agreement providing arrangements for compensation for pollution damage and remedial costs caused by oil or gas pollution resulting from offshore activity. Scott is also Executive Chairman of UK Fisheries Offshore Oil and Gas Legacy Trust Fund Limited (FLTC), a company set up by Oil &Gas UK and representatives of the commercial fishing industry to safeguard fishermen in connection with oil and gas assets in UK waters. He is a Non-Executive Director of a number of companies, prior to which he was Chairman of UK law firm McGrigors LLP.
Anglo-Arab Insurance Brokers, which claims to be the largest international insurance broker licensed to operate in Iraq, has appointed Mekki Mustafa - previously Reinsurance Manager of The National Insurance Company of Iraq - as its senior consultant in Iraq. Mustafa will be responsible for the placement of Iraqi ceded risks and for developing AAIB's relations within the Iraq insurance market.
On 1st November, Lancashire Holdings Limited, Bermuda, announced the appointment of Simon Fascione as Chief Underwriting Officer of the Company’s Bermuda operation, Lancashire Insurance Company Limited (“LICL”). The company said that he has played an instrumental role in the development of LICL’s reinsurance business, and more recently in the launch of Accordion Reinsurance Limited, Lancashire group’s fully collateralised sidecar quota-share reinsurance arrangement. Fascione joined Lancashire in October 2006 and is a key member of the senior underwriting team, with responsibilities across the whole arena of the property account, with an emphasis on catastrophe exposures within LICL’s reinsurance business. He has also been appointed to the Board of LICL, effective 28th October 2011.
Following a meeting of the Board held on 25th October, the Directors of Chaucer Syndicates Limited ratified the following appointments: Mark Wood has assumed the role of Chairman of Chaucer Syndicates Limited with effect from 1st October, following the resignation of Bob Deutsch; Christopher Stooke has assumed the role of Chairman of the Audit Committee of Chaucer Syndicates Limited with effect from 1st October, following the resignation of Richard Scholes; and Andrew Robinson, Executive Vice President of The Hanover Insurance Group, Inc., and Tim Carroll continue as Non-Executive Directors of Chaucer Syndicates Limited. Carroll is also a member of the Audit and Risk and Capital Committees.
In our last issue, we reported that Alan Brooks had joined Howden Broking Group in London - the broking arm of Hyperion Insurance Group - to lead a newly created energy team, and it was understood that a number of former Glencairn colleagues have joined Howden. It is now reported that Andy Baker, Chris Pinnington, Jeremy Furber, Vikki Raymond, Steve Portman, Michael White and Helen Foster have moved to Howden.
We report with sadness the death of Gordon McCall on 22nd October at the age of 65, after being diagnosed with lung cancer on the 15th September 2011. He was found to have a rare and aggressive cancer and died at the Harley Street Clinic with his whole family around him. His senior roles in the London insurance market included underwriter of Lloyd’s syndicate 185 that bore his name (managed by the R M Pateman Underwriting Agencies - acquired by Hiscox Holdings Ltd in 1992); Managing Director, Marine Underwriting UK for HIH in London; and active underwriter of Cotesworth & Co Ltd’s Lloyd’s syndicate 1688. In early 2002 he joined the marine division of Aon Risk Solutions in London.
On 31st October, Guy Carpenter & Company, LLC announced the expansion of its risk management capabilities in the Asia Pacific region with a number of senior-level appointments. Christian Schirmer has been appointed Head of GC Analytics - Asia Pacific and is based in Sydney, Australia. He has 18 years of re/insurance industry experience in both the UK and Australia, including roles at McKinsey & Company, Bain & Company and Beazley Insurance, where he was Head of Ceded Reinsurance. To further strengthen Guy Carpenter’s facultative, retrocessional and specialty practices in the region, three senior brokers will join the firm’s Singapore office, effective January 2012: Lucinda Coleman will join GC Fac, Guy Carpenter’s global facultative unit. Previously she was a Broker/Producer at JLT Re Asia in Singapore. Brendan Plessis will join as Head of Multinational and Retrocessional practice. Plessis previously was a Senior V.P. at Willis Re in Bermuda. Richard Hakes will head the firm’s marine and energy practice in the Asia Pacific region. Prior to joining Guy Carpenter, Hakes was a Commercial Director at Cooper Gay in London.
On 3rd November, Women in the City (of London) announced the seven category award winners for the Woman of Achievement Award 2011. The winner in the insurance category was Claire Bowler, a partner at UK law firm DWF LLP. She will now go on to contend for the overall 2011 Woman of Achievement Award, which will be presented on 25th November at the 9th Annual Women in the City Annual Celebration Lunch.
Mark Hicks has been appointed Head of Client Management - Corporate Risks at London-based broker Miller Insurance Services Limited. He was previously Head of Marsh's London region middle market office.
Crawford & Company has announced the appointment of Derek Patterson to serve as Regional Managing Director, Middle East. He has been UAE Operations Manager at Crawford since 2006 and will be responsible for stewardship of all client and business development activities in the region, based out of the Company’s offices in Dubai. John Kidd, the previous Regional Managing Director and with 20 years of service, will continue as Technical Director, Middle East, providing both front and back office services to clients across the wider Middle East.
Stephen Bessant, Executive Director, Specialty & Reinsurance in the property & casualty division of A J Gallagher London, is reported to be one of a number of broking staff who, in due course, will be joining the expanding fac reinsurance team being assembled at R K Harrison under the direction of Elliot Richardson, the former Aon Benfield Fac head. Others understood to be joining R K Harrison include Darren Norris of Glencairn and Rupert Sawyer of Miller Insurance.
On 11th November, RSA, UK, announced changes to the Group’s operating structure and executive team effective from 1st January 2012. The Group will be organised into four regions: UK & Western Europe, Scandinavia, Canada and Emerging Markets. Under this new structure: Mike Holliday-Williams, CEO Scandinavia and Rowan Saunders, CEO Canada will join the group executive team; Adrian Brown, currently CEO UK, will become CEO UK and Western Europe (this region will comprise RSA’s UK, Irish and Italian businesses, as well as its specialty operations in Spain, France, Germany, the Netherlands, Belgium and Italy); and RSA’s Emerging Markets structure remains unchanged under Paul Whittaker.
On 9th November, ACE announced that it had created a new practice designed to meet the needs of multinational companies that are based in or operating in Continental European countries. The new unit will be led by Rémy Massol, who has been appointed Multinational Director for Continental Europe. Massol will report to Joseph Clabby, Regional President, ACE Continental Europe, and will be based in Paris, where he will work closely with several parts of the organisation to develop and deploy ACE’s multinational capabilities in the region. In addition, Clive Hassett, Director of Multinational Services for ACE UK & Ireland, will broaden the scope of his responsibilities to include Continental Europe. In collaboration with Massol, he will ensure that ACE's multinational capabilities are enhanced and supported effectively on the Continent. Massol joins ACE with considerable experience of captive fronting and multinational programmes, having previously worked for 17 years with a major global insurer in Brussels, New York and most recently Paris, where he was managing the captive fronting division for Continental Europe. Hassett joined ACE in 1999.
Andy Grace is understood to be leaving the FSU team of broker Marsh in London and is expected to join Aon in due course.
David Bruce has left insurer Hiscox where he was Deputy Managing Director of Hiscox London Market, Head of Specialty of Hiscox London Market and a Director of Hiscox Syndicates Limited. Bruce, aged 60, has been with Hiscox for over 35 years.
Lars Hylander, Senior Executive Officer of Flagstone Re’s Mosaic Underwriting Services (Dubai) Limited, is understood to be moving from Dubai to London to work at Flagstone Syndicate Management Ltd’s syndicate 1861 at Lloyd’s.
On 16th November, Aon Risk Solutions, US, announced that M. Claire Juliana joins the firm as the company’s first Director of Environmental Claims for its environmental practice. She has more than 20 years of environmental insurance and law firm experience, and is charged with developing best practices for managing complex claims. In addition, she will serve as a client advocate to help resolve challenges associated with difficult claims, offer advice on policy wording as well as monitor and advise clients on emerging insurance, legal and environmental developments. Prior to joining Aon Risk Solutions, Juliana served as risk management counsel for Zurich’s environmental underwriting unit.
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