Best's Review


Executive Changes
FM Global Names New President, CEO to Succeed Thomas A. Lawson, Makes Executive Appointments

Also, Westfield taps former Vantage Risk head to lead new specialty venture and Beazley names new chief operating officer.
  • September 2021
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Malcolm Roberts

 Malcolm Roberts

Commercial property insurer FM Global named Malcolm C. Roberts president and also elected him to the company's board of directors. Roberts will succeed Thomas A. Lawson as chief executive officer on Jan. 1, 2022.

Formerly executive vice president, Roberts assumed the role of president on Aug. 1 and will succeed Lawson when he retires on Dec. 31 after 42 years with the company. Lawson, CEO since 2015, will remain chairman of FM Global's board of directors.

As president, Roberts, who joined FM Global in 1995, is responsible for the strategic and operational direction of the Johnston, R.I.-based company, which insures nearly $10.2 trillion in business property in more than 130 countries, according to the company.

Bret N. Ahnell, executive vice president, was named chief operating officer and will run insurance operations globally. He previously managed staff operations, most recently FM Global's Americas operations.

Kevin S. Ingram, executive vice president and chief financial officer, was promoted to senior executive vice president and chief financial officer. He will continue to oversee all finance and risk management operations.

Deanna Fidler, senior vice president, chief human resources officer, was named executive vice president, chief administrative officer. Fidler will oversee human resources, diversity and inclusion, strategy and business enablement, technology, and the FM Global Academy.

Randall E. Hodge, senior vice president, chief underwriting officer, was named executive vice president, staff insurance operations. Hodge will oversee underwriting and reinsurance, engineering and research, FM Approvals, claims, client service and marketing, and data analytics.

George J. Plesce, senior vice president, chief client experience and sales officer, was promoted to executive vice president, U.S., Latin America and sales. He will oversee regional insurance and engineering operations and global business development.

James R. Galloway will head FM Global's Canada and specialty industries division while continuing as executive vice president with oversight of international operations and AFM, which provides commercial property insurance for the middle market.

—Staff Report

Grahame Millwater

 Grahame Millwater

Acrisure Hires Global Insurance Leader as Part of Company's Tech Transformation

Acrisure has hired Grahame Millwater as head of global insurance to enable the broker's transformation into a broader fintech financial services company.

The company said it is putting in place the operational and strategic elements to align its core insurance broker business around Millwater's leadership.

Millwater most recently served as president of Acrisure international and global markets. He joined the company in 2018 after the acquisition of Beach & Associates, a global reinsurance intermediary that he led from 2013.

In late 2020, Beach & Associates became Acrisure Re, fully representing Acrisure's reinsurance broking and corporate risk advisory division.

Before working at Beach & Associates, Millwater served in several senior positions during a 27-year tenure with Willis Group. He was CEO of Willis Re from 2004 and then became president of Willis Group in 2008 with responsibility for all the global and international businesses outside North America.

The company is preparing to enter into additional business segments following the recent announcement of a new asset management division.

Recently, Acrisure Re launched a London-based cyber division with cyberrisk model partner Kovrr to take advantage of opportunities in the hardened market. The new division, led by Tom Quy, will offer a product that merges the global insurance broker's advisory and analytical capabilities with insurtech Kovrr's “unique approach to risk modeling,” according to the company.

Dominic Samengo-Turner

Dominic Samengo-Turner

Marsh and Guy Carpenter Announce Senior Appointments to Leadership Teams

Marsh and Guy Carpenter have announced senior appointments to their leadership teams. Marsh has named Dominic Samengo-Turner to succeed Paul Moody as chief executive officer Marsh Specialty, U.K. and Ireland, and Guy Carpenter has named Moody U.K. CEO, Guy Carpenter.

The global head of facultative reinsurance at Guy Carpenter, Samengo-Turner will transition to his new role Sept. 1, subject to regulatory approval. He will be based in London and report to Chris Lay, CEO, Marsh, U.K. &Ireland, and Lucy Clarke, president of Marsh Specialty and global placement.

Samengo-Turner previously served as head of Marsh Specialty, Asia, after Marsh's acquisition of JLT. He has more than 35 years' experience in global and specialty markets and also spent 23 years at Willis Towers Watson in several leadership roles before joining JLT in 2015, according to a company statement.

Moody also will transition to his new role on Sept. 1, subject to regulatory approval. Based in London, he will assume responsibility for Guy Carpenter's U.K. property/casualty business. He has held his current position of CEO, Marsh Specialty, U.K. & Ireland since 2018. During his 22 years with Marsh, Moody has developed and led successful strategic growth initiatives in the U.K. financial lines and specialty divisions.

In other developments, Toby Wemyss has been named as global head of facultative reinsurance, Guy Carpenter, and will be based in London. He is expected to join the company in the fourth quarter of 2021 from Willis Towers Watson, where he has been global head of facultative for the past four years. Wemyss also has served as regional CEO of Central & Eastern Europe, Middle East and Africa and CEO of Global Markets, International for Willis Towers Watson.

Urban Angehrn

Urban Angehrn

Frank Verkerk

Frank Verkerk

Zurich Insurance Chief Investment Officer Resigns; Group Chief Platform Officer Named

Urban Angehrn, Zurich Insurance Group's chief investment officer, has resigned to head up the Swiss Financial Market Supervisory Authority, FINMA.

Angehrn has been group chief investment officer since July 2015 and a member of the group's executive committee, according to Zurich. He is slated to become FINMA's chief executive officer on Nov. 1, according to FINMA's board of directors.

Angehrn will succeed Mark Branson, who left FINMA on May 31. Jan Blöchliger is currently serving as interim CEO and will remain in the position until Oct. 31.

As a result of Angehrn's resignation, Peter Giger, currently chief risk officer and a member of Zurich's executive committee, will take on the additional responsibilities as group chief investment officer on an interim basis until a permanent successor has been identified, according to a Zurich statement.

Angehrn has worked at Zurich for more than 14 years and also serves as chairman of the board of directors of Zurich Life Insurance Co., as well as chairman of the board of trustees of the Zurich Insurance Group Pension Plan. He previously held various roles at Winterthur, Credit Suisse First Boston and JP Morgan, according to a FINMA statement.

In other Zurich news, Frank Verkerk was named group chief platform officer, a new role created to accelerate the development of digital services to meet changing customer needs.

Verkerk transitioned to his role on Aug. 16 and will work closely with Zurich's global business platforms business unit, under the leadership of Jack Howell, to speed up development of digital and modular services. Verkerk will focus on enabling open platforms with third parties for Zurich businesses to quickly develop and integrate next-generation insurance-as-a-service solutions. He will be based in Zurich, according to a company statement.

Verkerk joins Zurich from ABN Amro, where he was the chief digital officer responsible for digital transformation.

Mark Camillo

Mark Camillo

AIG Executive to Head Up New Cyberrisk Company CyberAcuView

Mark Camillo was appointed chief executive officer of CyberAcuView, a new company formed by a group of cyber insurers with an eye on enhancing cyberrisk mitigation efforts in the insurance industry.

Camillo most recently served as head of cyber, Europe, Middle East and Africa for American International Group Inc.

AIG, Axis Capital, Beazley, Chubb, Hartford, Liberty Mutual and Travelers are among the cyber insurance underwriters sponsoring and supporting CyberAcuView, the new company said in a statement.

Founding members will provide industry best practices to improve resilience to cyberrisk; engage with regulators, law enforcement and other security agencies to counter cybercrime and the rapid rise of ransomware; develop systemic risk solutions and advance cyber policy language to improve market efficiencies; and analyze cyber trends to provide enhanced visibility on cyberattacks and the causes of loss to allow insurers to identify critical controls and educate policyholders on loss prevention strategies.

Also part of the CyberAcuView leadership team are Monica Lindeen, former Montana insurance commissioner and past president of the National Association of Insurance Commissioners, as director of regulatory affairs; and James Schweitzer, a veteran of the Federal Bureau of Investigation and former chief operating officer of the National Insurance Crime Bureau, as director of law enforcement engagement.

Thomas Olunloyo

Thomas Olunloyo

Legal & General America Hires Deputy CEO

Legal & General America has hired a deputy chief executive officer to coordinate all aspects of the business's digital transformation as the company seeks growth opportunities in the U.S. market.

Thomas Olunloyo, who joined LGA on July 1, will be a key member of the executive leadership team and lead the strategic direction and management of the business with emphasis on information technology, marketing, operations and underwriting and actuarial work, LGA said in a statement.

Olunloyo has been CEO of Legal & General Reinsurance since 2017, and before that was chief actuary and chief investment officer beginning in 2014.

He led L&G Reinsurance's development into new markets and new technologies, including spearheading the L&G Group's first Pension Risk Transfer transaction in Canada and embracing the use of blockchain and automation for the PRT business, the company said.

Jack Kuhn

Jack Kuhn

Westfield Taps Former Vantage Risk CEO to Head New Specialty Insurance Business

Westfield, a super-regional property/casualty insurance company with a 173-year history, is entering the specialty insurance business with the launch of Westfield Specialty and has appointed insurance industry veteran Jack Kuhn as president.

On July 2, Kuhn stepped down as chief executive officer of the insurance division at reinsurance startup Vantage Risk Ltd., which he joined in November 2020.

Before that, Kuhn served as Sompo International global CEO for about two years, joining Sompo in April 2017 after serving five years as global insurance CEO for Endurance Specialty Holdings Ltd., according to his LinkedIn profile.

Troy Dehmann

Troy Dehmann

Beazley Names Chief Operating Officer

Beazley named Troy Dehmann as chief operating officer and a member of the company's executive committee.

He succeeds Ian Fantozzi, who was appointed to lead Beazley's recently established digital business unit, the company said in a statement.

Dehmann has more than 20 years of leadership experience in finance, operations and business transformation within the financial services sector. Most recently he was global COO for finance operations and core finance at HSBC.

Dehmann spent almost seven years at HSBC in London, with roles also including global COO of business finance and global head of cost management.

Aileen Mathieson

Aileen Mathieson

Aspen Insurance Holdings Names Group Chief Investment Officer

Aspen Insurance Holdings Ltd. has named Aileen Mathieson to succeed Bryan Astwood as group chief investment officer, effective Nov. 15.

Mathieson will be based in London and will join the group executive committee.

Astwood, who is retiring, will continue to work as an adviser to Mark Cloutier, group executive chairman and chief executive officer, and he will remain a director of Aspen Bermuda Ltd., according to a company statement.

Mathieson has more than 15 years of investment and financial experience and joins Aspen from Aberdeen Standard Investments, where she was global head of insurance. Before this, she was CIO, U.K. life for Zurich and during her career also held senior finance roles at Nucleus Financial Group plc, Standard Life Group, Diageo plc and EMI Music, according to the company.

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