The Ticker
Moves Ben Mitchell to newly created role of regional head of multinational Americas, based in Chicago. Role combines oversight of both the global clients unit and the regional practice leader functions in the Americas.
Hires Richard Olsen as chief actuary for general insurance, based in New York. He was most recently CFO at Munich Re’s U.S. P&C reinsurance subsidiary.
Everest Insurance promotes Vahan Paretchan to East region leader for risk management casualty, overseeing underwriters for primary casualty in large-account market. >> Everest Insurance rolls out Everest Elevation REIT Management Liability Police, a new form that addresses D&O exposures specific to real estate investment trusts. Notable features include formal entity investigation coverage separate from Reg FD coverage, pre-claim expense coverage, and broad definition of controlled entity.
Promotes Simon Crone to chief underwriting officer for Fidelis Insurance Ireland, reporting to new CEO of that unit Robert Kelly. Crone joined Fidelis early this year from AmTrust, where he was chief underwriting officer for mortgage and credit.
Hires Peter Rossell to head new engineering underwriting unit. The 40-year veteran of engineering underwriting was most recently at Pioneer.
Bill Daly moves to COO at Beecher Carlson from CFO or retail at Beecher Carlson parent Brown & Brown. Daly has been member of Beecher Carlson’s executive committee for past 15 months working to advance key IT and efficiency initiatives across the Beecher Carlson platform. In his role as COO, Daly will oversee Bermuda wholesale, product groups, team resources, IT, insurance operations, and partnership agreements.
New CAC Specialty unit, an insurance brokerage and investment banking platform for public and private companies and private equity sponsors, builds out team. David Payne, previously chief revenue officer at JLT, will be chief revenue officer. Bruce Denson Jr., president of Cobbs Allen, will serve as president of CAC also. Jack Leventhal, senior managing director and executive officer at Teneo Capital, will lead investment banking business. Leventhal and his team are part of Teneo’s Capital Advisory business, which will maintain a strategic relationship with the firm. Jason Horwitz joins as EVP of Special Situations Group. Andy Lennox joins as SVP of Complex Casualty. David McMahan, Adam Lantrip, Brian Hood, Jacalyn Kroupa, Jennifer Schaeffer, Rik Goyton, Gavin Shiels, Greg McCollister and Billy Kroupa join as SVPs. Vince Mutolo joins investment banking business as senior managing director and Michelle Lam joins as SVP there. Sasson Posner and Chris Jacks join from Cobbs Allen as consultants in the Structured Solutions Practice. The firm will have offices in Atlanta, Chicago, Denver, San Francisco and New York.
Hires David Lim as CEO of retail in Singapore and head of marine for Asia Pacific. He moves from Brit Global Specialty Singapore, where he was CEO.
Paul Smith hires as VP of carrier relations, based in greater NYC area. He was EVP for carrier relations at Willis Towers Watson. He will oversee quality control, data and analytics, and contract management. Will serve as central resource for global teams as well.
Forms strategic partnership with Mover’s Choice to become retail partner for its moving and storage program in California.
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