Best's Review


Executive Changes
Liberty Mutual to Welcome New Chief Executive Officer, Secretary in 2023

Axa XL names global chief underwriting officer and Scor appoints successor to retiring CEO of reinsurance.
  • August 2022

Timothy Sweeney

Damon Hart

Liberty Mutual Insurance named Timothy M. Sweeney to succeed David H. Long as chief executive officer in January 2023.

Sweeney also becomes a member of the board of directors effective immediately.

Long has been at Liberty Mutual for 37 years, becoming president in 2010, CEO in 2011 and chairman in 2013. Under his leadership as CEO, Liberty Mutual has grown to the sixth-largest global property/casualty insurer and has been recognized with numerous awards for its philanthropic, workplace culture, and diversity, equity and inclusion efforts, Liberty Mutual said in a statement.

“Liberty Mutual has been a part of my life for nearly four decades. The company has experienced significant change, challenges and transformation over the years, and I'm fortunate to have been a part of it all,” said Long in a statement. “Tim is an outstanding leader who will continue to drive the organization forward, harnessing the strength of our global organization.”

Sweeney, who is based in Boston, will become the 10th CEO in Liberty Mutual's 110-year history and has been at the company for nearly 30 years. He was appointed president in 2021, overseeing the organization's three business units—global risk solutions, global retail markets and Liberty Mutual Investments. Sweeney previously served in a variety of senior leadership positions, including president, in GRM, the company's global personal and small commercial insurance division, according to the company.

Also effective in January 2023, Liberty Mutual named Damon Hart as secretary. This new role is in addition to his current role as executive vice president and chief legal officer.

Mark Touhey, EVP, corporate secretary and chief of staff to the chief executive officer, will retire at the end of 2022, according to the company.

In his additional role as secretary, Hart will be responsible for overseeing governance for the company's board of directors. Hart, who has been part of the company's executive leadership team since 2021, will report to Sweeney, the company said.

Hart joined Liberty Mutual in 2014 and was promoted to deputy chief legal officer in 2020 before his current appointment. Prior to this, he served as senior vice president and deputy general counsel for litigation and coverage, overseeing the interests of Liberty Mutual and providing enterprise-wide coverage advice and opinions. He also spent several years as deputy general counsel for Employment Legal, according to a company statement.

Touhey has worked at Liberty Mutual for 28 years, serving in multiple senior leadership positions across the global risk solutions business unit, talent and enterprise services and corporate finance departments. He has served in his current role since 2016, overseeing the company's board of directors engagement and corporate governance and community investments. He also has led the organization's corporate strategy and research department, according to a company statement.

—Staff Report

Anil Wadhwani

Prudential Plc Names Former Manulife Exec as Group Chief Executive Officer

Prudential plc named Anil Wadhwani as group chief executive officer effective Feb. 25, 2023, subject to regulatory approval from the Hong Kong Insurance Authority.

Mark FitzPatrick, interim group CEO, will continue to lead the business and will support Wadhwani in his transition. FitzPatrick succeeded Mike Wells, who retired in March after 26 years with the company.

Wadhwani has more than 30 years of experience, predominantly in Asia, combining strategic vision and execution in some of the world's biggest companies. Wadhwani also has significant and proven digital experience, having driven the modernization of technology platforms across 13 markets in Asia in his most recent role as CEO of Manulife's Asia region, according to a company statement.

He will be based in Hong Kong, where he currently resides, the company said.

Wadhwani has not been appointed for a fixed term, but his service contract contains a notice provision under which either party may terminate upon 12 months' notice, according to a regulatory disclosure.

Prudential also announced Nic Nicandrou, CEO, Asia and Africa, will leave after 13 years with the company to seek opportunities outside the group. With the announcement of the appointment of a permanent group CEO, the role of CEO, Asia and Africa will cease, according to a company statement.

Libby Benet

Axa XL Names Global Chief Underwriting Officer

Axa XL named Libby Benet as global chief underwriting officer. She succeeds Nancy Bewlay, who was recently named chief executive of reinsurance.

Benet will have responsibility for underwriting governance, pricing, risk aggregation and global product strategy, according to Scott Gunter, Axa XL chief executive officer.

Benet joined Axa XL in 2020 assuming the new role of CUO for cyber. In this role, she closely monitored the cyberrisk portfolio and exposure from an aggregated global product view. When Axa XL implemented its new operating model, she expanded her role, assuming global CUO responsibilities for all financial lines, including cyber, according to a company statement.

Prior to Axa XL, Benet managed her own consultancy, where she assisted insurance company clients in the development and implementation of new insurance products and consultation on the set up of underwriting and claims systems and feedback on reinsurance purchasing. Her insurance career also includes positions with Beazley, General Reinsurance and Zurich, the company said.

Stuart McMurdo

Scor Names Successor to Retiring CEO of Reinsurance

Scor named Stuart McMurdo to succeed Michel Blanc as chief executive officer of reinsurance. Blanc will retire in January 2023 after 31 years with Scor.

Scor also appointed Catherine Fassi to succeed McMurdo as regional CEO of Europe, Middle East and Africa, and Canada for property/casualty.

McMurdo joined Scor in 2018 as CEO of Scor U.K. and the Scor Syndicate and became regional CEO for EMEA in 2020. His leadership was essential to improve the financial performance of the Scor Syndicate and to bring together the P/C platform in EMEA, the company said.

Prior to joining the company, McMurdo was the head of reinsurance for Santam Ltd., South Africa's largest short-term insurer. His responsibilities included both the buying of reinsurance for the group and the establishment of Santam Re, a business writing inwards reinsurance from selected territories around the world. Before joining Santam, McMurdo was general manager of one of South Africa's leading retail brokerages, after spending 11 years with the Hannover Reinsurance Group in various management roles, both in South Africa and Germany, according to his company bio.

A recruitment process has been initiated to replace McMurdo as CEO of the Scor Syndicate and Scor U.K., and he will remain CEO of these two entities until the end of this recruitment process and regulatory approval, the company said.

Fassi joined Scor in 2013 as P/C chief accounting officer and subsequently held various roles within the P/C finance team. In 2019, she was promoted to Scor P/C deputy chief financial officer, and then in 2020 to Scor P/C CFO, according to her company bio.

Chris Rosello

MetLife Names Vice President-Head of Federal Government Relations

MetLife Inc. named Chris Rosello to succeed Maggie Gage as vice president and head of federal government relations.

Gage left the company earlier this year. Rosello will lead the team responsible for representing MetLife's interests before key federal stakeholders. He will be based in Washington, D.C., and report to Susan Greenwell, senior vice president and head of global government relations, the company said.

Rosello joins MetLife from HSBC, where he most recently served as executive vice president and head of U.S. public affairs and led the planning, coordination and execution of the bank's federal, state and regulatory strategy, according to a company statement.

Prior to joining HSBC in 2017, Rosello was senior vice president of federal government relations at Wells Fargo, where he coordinated with internal business partners to implement Dodd-Frank Act provisions. Previously, he served in multiple roles in the U.S. Treasury Department, including as acting assistant secretary for legislative affairs, as well as in roles with the U.S. House Financial Services, according to the company.

David Hullin

HDI Global Announces Changes to Management Board

HDI Global named David Hullin to succeed Jens Wohlthat and take over the entire international business on the management board.

The company also announced Andreas Luberichs stepped down from the management board of HDI Global SE, by mutual agreement, to pursue new challenges.

Wohlthat will retire at the end of September. He grew up in South Africa and has spent his entire professional career at HDI. He started in 1980 as an apprentice at the HDI head office in Hannover, Germany, before holding various positions in industrial insurance and foreign business. In 1996, he became section leader of liability foreign before joining the management board of HDI International Holding AG in 2002. Since 2006, Wohlthat has been a member of the management board of HDI Global SE, according to a company statement.

Hullin will be responsible for the entire business of the industrial lines division of the Talanx Group outside Germany. Previously, Hullin was responsible for continental Europe, North and South America, the United Kingdom and Ireland, while Wohlthat's area of responsibility covered Asia-Pacific, Africa and the Global Network. Wohlthat will continue to remain available to HDI Global in an advisory capacity, according to the company.

Since May 2019, Hullin has been a member of the management board of HDI Global SE. Initially, he was responsible for the areas of property, engineering insurance, marine, multirisk and the Europe division. Since the beginning of 2022, he has worked together with Wohlthat looking after all international markets. He has 27 years of experience in reinsurance and in international primary insurance at the Talanx Group, the company said.

Luberichs successfully launched the new organization for business in Germany and he leaves the management board after completing this time-limited transformation task. Upon his departure, Barbara Klimaszewski-Blettner is responsible for business in Germany. She has more than 12 years of experience in the insurance industry, including 10 years in industrial insurance, and has held various positions including with Allianz Global Corporate Solutions.

Currently, she heads the southeast region at HDI Global with the locations Munich, Nuremberg and Leipzig. Klimaszewski-Blettner as managing director below the management board will report to Edgar Puls, the chairman of the management board of HDI Global SE, according to a company statement.

Scott Fischer

Insurtech Lemonade Names Head of Government Relations

Insurtech Lemonade named Scott Fischer, New York's former chief insurance regulator, as head of government relations and co-general counsel of Lemonade Insurance Co.

Fischer will serve as co-general counsel alongside Bill Latza, who has been a core part of Lemonade's team from its beginning and plans to retire at the end of the year.

As Lemonade's first head of government relations, Fischer will provide strategic counsel regarding laws and regulations impacting the company and guide strategy around relationships with key stakeholders throughout the insurance regulatory community, according to a company statement.

Fischer joins the company from global law firm DLA Piper, where he was a partner and represented international, national, and local insurers and producers in their regulatory and compliance activities. Most notably, Fischer worked with New York's insurance regulator for nearly 10 years, ultimately becoming the top insurance regulator by serving as the executive deputy superintendent for insurance in the New York State Department of Financial Services before departing the public sector, according to the company.

“Scott played a make-or-break role in Lemonade's early days, as the regulator who scrutinized our business, gave us a hard time, and ultimately gave us our license,” said Daniel Schreiber, Lemonade chief executive officer and co-founder, in a statement. “He was a thoughtful, fair-minded, and exacting regulator, and his deep familiarity with insurance regulation on the one hand and Lemonade on the other make him the ideal leader of our government relations efforts.”

Patrick Charles

SiriusPoint Adds to Exec Leadership Team, Names UK Country Branch Manager

SiriusPoint Ltd. promoted Patrick Charles to global head of property/casualty insurance and services and to the company's executive leadership team. Darryl Siry, chief technology officer, also was appointed to the executive leadership team.

Charles has 20 years of underwriting and strategic management experience. He joined SiriusPoint in September 2021 as head of Americas property/casualty insurance to manage and grow the company's U.S. P/C insurance business. He is responsible for the company's global strategy in P/C insurance, the expansion of SiriusPoint's strategic partnerships, and the development of products and services to support new and existing partnerships, according to a company statement.

Siry is an experienced technology, marketing, and operations executive. He joined SiriusPoint in May 2021 to lead the company's technology integration and to develop an efficient and scalable operating platform across the global business. Siry is also responsible for the development of the managing general agency operating platform, which supports SiriusPoint's strategic partnerships, and for maximizing the value of SiriusPoint's insurtech partnerships and investments, according to the company.

In addition, as the global specialty insurer and reinsurer enters its previously announced strategic partnership with Mosaic Insurance, Robert Harman, SiriusPoint London chief executive officer and managing director of Sirius International Managing Agency, will transition to Mosaic to continue his role as CEO of the managing agency, the company said.

The partnership includes an investment in Mosaic to support continued growth, providing Mosaic with access to global licenses and infrastructure, and the planned sale of SiriusPoint's Lloyd's Managing Agency. The sale is subject to Lloyd's and regulatory approvals. SiriusPoint will retain its U.K. branch operations, inclusive of Syndicate 1945, according to a company statement.

To that end, SiriusPoint named Bobby Heerasing, who joined the company in October 2021 as head of international strategic business development, as SirusPoint U.K. country branch manager. Heerasing will be responsible for establishing and executing profitable growth strategies and operating plans for SiriusPoint's London branch and syndicate, inclusive of the company's reinsurance and insurance and services platforms, according to the company.

QBE Re Names Interim Managing Director

QBE named Peter Wilkins as interim managing director of QBE Re. He succeeds Steve Postlewhite, who leaves the business after a four-year tenure.

A search is underway for a new managing director.

Wilkins will oversee QBE Re's new global alignment strategy and development plans.

In May, Wilkins was appointed to the newly created role of chief underwriting officer, QBE Re, taking ownership of underwriting performance, strategy, and planning.

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