Co-founder Paul Brand named group CEO, while fellow founder Stephen Catlin will serve as executive chairman.
Erik Nikodem, president of global property at Everest Insurance, retired in July. Former duties now shared by three execs: Chris Curtin as head of U.S. property; Patrick Hagerty as head of U.S. property underwriting; and Maria Grace as head of underwriting for global property, based in London. All internal moves. >> Hires Brent Hoffman as Everest Reinsurance’s head of claims and COO. (Everest Reinsurance is the reinsurance arm of Everest Re Group.) He moves from AXA XL.
This MGA now can use HDI Global admitted paper for excess follow-form product. It’s initially available for management liability.
Will form MGU as separate company that will be backed by Travelers, Alfa Insurance, Capital Z Partners Management, Blackstone, and Further Global Capital Management. It plans to write more than $3 billion in specialty lines gross written premium. Richard Brindle, Fidelis’s chairman, group CEO and chief underwriting officer, will be chairman and CEO of the MGU.
Promotes Paul Boudreaux III to president, succeeding Michael Gray, who will remain at the company as chairman of Gray Insurance Company and president of Gray & Company Inc.
Michael Mulvey promoted to divisional president for trade credit and political risk at subsidiary FCIA. He succeeds Phil Lally, who retired in July.
HSB U.K. and Ireland forms commercial division, headed by Terry Dyson, to drive seamless service experience for brokers, carriers and MGAs. Combines business development, underwriting and claims teams to foster holistic relationship with customers.
Agrees to buy Energy Insurance Oslo, an MGA that has had an exclusive underwriting agreement with IGI since 2009, writing energy and construction. Expected to close in Q3.
This specialist captive MGU, in conjunction with Fortegra, adds commercial property as new line of business to Re-Paid product, which allows high-performing mid-market businesses to have a stand-alone captive.
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