Andrew Annandale will retire from his post as group CEO and managing director of Argenta Syndicate Management at year-end. Nick More, Argenta Syndicate Management’s deputy MD and chief actuary, will take up both roles at that time.
Promotes Elizabeth Johnson to COO for North America insurance, a newly created role based in New York. >> Launches new U.S. marine insurance division, led by EVP Tom Nasso. Combines U.S. ocean and inland marine and will sell through retail and wholesale brokers in the United States. >> Works with Marsh to place marine cargo and war facility of up to $50 million to provide coverage for grain and food shipments out of Ukrainian ports.
Promotes Peter Kiernan to head of U.S. property for Bermuda reinsurance, replacing Simon Penney, who moved to global head of underwriting analytics. >> Promotes Olivia Shing to head of international casualty for United Kingdom and Lloyd’s.
Restructures large commercial property and Canadian and E&S property teams to form unified North American Commercial Property Team. Four regional hubs will serve local brokers: Central Region, headed by Robert Sadler, based in Chicago (he moves from Ironshore); Northeast, headed by Ashley Irwin in New York; Southeast, headed by Reid Jaffe, based in Atlanta; and West, headed by Tim Carlin, based in San Francisco. The latter three are internal moves.
Enters Swiss market with new office in Zurich. Promotes Leander Metzger to country manager. The company began in Switzerland with writing property, casualty, executive and professional lines and plans to launch several other lines before year-end.
Buys Dealer Risk Services, a group captive insurance program specializing in automobile dealerships and based in Florida.
David Kirk promoted to head of marine for Chubb Global Markets, the insurer’s London wholesale and specialty division. He replaces Mark Edmonson, who now, as consultant marine underwriter, reports to Kirk. >> Promotes Natalie Chiaramonte to division president of Sovereign Risk Insurance, which underwrites political risk re/insurance. She replaces Price Lowenstein, who is retiring.
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.
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