Meant to do a round up of the latest senior hires and job moves last Friday, but that FCA thing happened. So, back to the plot…
Gallagher today announces that Simon Behagg will become chief executive officer (CEO) of its global reinsurance business, Gallagher Re, taking over the role from current CEO, Rupert Swallow in February 2021 (subject to regulatory approval).
Rupert has been the CEO of Gallagher’s reinsurance arm for the past seven years and was a founding partner of the original business, formerly known as Capsicum Re. Since the business was fully acquired by Gallagher in January 2020, Rupert has led the successful transition of the 180-strong reinsurance team and its operations into Gallagher’s UK broking division. This has included the rebrand of the business to Gallagher Re in October 2020, the final stage in the 12 month-long integration plan.
Simon Matson, CEO of Gallagher’s broking and underwriting businesses in Europe, Middle East & Asia, said: “The enormity of what has been achieved by Rupert and the team in just seven years cannot be underplayed. Gallagher Re has grown from a small start-up operation to become the world’s 5th largest reinsurance broker with a hugely talented team of individuals who are now an important part of our growing Gallagher family. I’d personally like to thank Rupert for everything he has done to lead, shape and grow the business over the past seven years and wish him every success for the future.”
Rupert Swallow, said: “It has been an incredible journey for Gallagher Re and I could not be prouder of what we have achieved as a team since we set up the business seven years ago. My mission has always been to build an outstanding reinsurance business, complete the sale of that business to our long-term partner, Gallagher, and ensure the safe onward transition of the team and our clients to their new home. Having now completed the final stages of that full integration into Gallagher, I have achieved what I set out to do and confidently hand over the reins of this extraordinary business as it moves in to its next phase of growth.”
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today the appointment of Mr. Richard Brown to lead a new team focusing on property business through retail distribution channels in the UK, Europe and selected international territories including the Middle East and Israel.
Mr. Julian James, Chief Executive Officer, International Insurance at Sompo International, said: “Our ambition is to deliver solutions for our clients and broker partners that help them to achieve effective risk transfer. By expanding our offering into the retail market, the new team will build on the success of our existing property expertise, which has a global wholesale focus, and offer our capacity and appetite to develop much closer ties to major corporates and international multi-nationals.”
Mr. Brown most recently served as Head of Property and Marine Lines at Generali and brings a wealth of expertise, with nearly three decades of UK and International property risk underwriting experience, to this new position.
ActiveQuote has appointed Neil Williams as its new Head of Technology.
Neil joins the UK health and protection insurance comparison service during an ongoing period of growth for the Cardiff-based company.
Most recently responsible for the development of bt.com, BT Sport and PlusNet’s new websites, Neil brings more than two decades of technology leadership with him to his new role with ActiveQuote.
Neil said: “I’m thrilled to have joined the team at ActiveQuote. Technology has always been an exciting and evolving space, and never more so than in the current climate, where technology has kept so many businesses operating and so many people connected.
“ActiveQuote has fully embraced new ways of working during this time, as well as bringing some exciting technological developments forward for the benefit of the UK insurance industry as a whole.”
“It is hugely exciting to have been given the opportunity to support the senior team in driving the next phase of growth at ActiveQuote forward, therefore, in these extraordinary times we continue to find ourselves in.”
Neil has previously worked with corporates including KPMG, Proctor & Gamble, Credit Suisse and Abu Dhabi Government Services, and was invited to present at the International Conference on Information Quality at MIT, on Data Quality and Agile Methodologies in a business environment.
Leading insurtech, Concirrus, has announced an expansion of its commercial offering into Asia with the appointment of Mike Davies, (PICTURED ON THE LEFT) former Asia Pacific Marine Leader at AXA XL and Oliver Miloschewsky, (PICTURED ON THE RIGHT) both of whom bring over 40 years combined experience of working in the global marine insurance market.
Concirrus CEO, Andrew Yeoman says: “As the Asia market continues to increase its share of the global marine business, it’s a natural stage of growth for Concirrus to continue to establish a sales presence in the region. We’re excited to have both Mike and Oliver on board and leading the expansion of our business into Asia Pacific; they bring global expertise and regional experience that will allow us to shape our strategy within this key market.”
Bolstering the Concirrus executive team, both Mike and Oliver are no strangers to the marine market. Having held senior positions within household insurance brands such as XL Catlin, Zurich and AXA, Mike has become a well-known marine cargo expert. This is reinforced by his influence within IUMI where he held the position of Chairman of the Cargo Committee for six years, as well as being part of the Executive Committee alongside, Dieter Berg, now a Non-Executive Director at Concirrus.
LEGAL & GENERAL
Legal & General Retirement Institutional (LGRI) today announces three changes to its Pension Risk Transfer (PRT) senior team.
John Towner, who has spent two and a half of his past six years at LGRI as Head of Origination and Execution, will now take on additional responsibilities for origination of new business globally as Head of New Business. As well as continuing his overall responsibility for UK new business – encompassing origination, pricing and execution – John will support, and work with, Sheena McEwen, Head of Distribution in Legal & General’s US PRT team, driving further collaboration between the UK and US teams of a global PRT business.
Dominic Moret assumes the position of Head of Origination and Execution, where he will lead the UK PRT transaction team and be responsible for managing external relationships and developing the pipeline of new business opportunities to support LGRI’s growth ambitions. Dominic has worked as a Director in LGRI’s new business team for the past seven years and has led on several major PRT transactions.
In addition, Gavin Smith, a Director in our Pricing and Execution team who joined Legal & General in 2015, moves into the role of UK Head of Pricing and Execution. In this role, Gavin will be responsible for ensuring that transactions are priced efficiently and effectively and that LGRI has the systems in place to support the growing levels of new business.
Both Dominic and Gavin will report to John, with the team supporting LGRI in continuing to deliver for pension trustees, sponsoring companies and members in 2021.
Laura Mason, Chief Executive Officer, Legal & General Retirement Institutional
“I’m pleased to congratulate John, Gavin and Dom on their new roles and responsibilities. As we look ahead to an increasingly active year, I believe that these appointments will ensure that Legal & General continue to deliver security for trustees and their scheme members in the UK and internationally.
“These appointments are part of our commitment to our global PRT business operations and targets of transacting £40-£50bn in the UK and $10bn in the US over the next five years.”
Trakm8, the UK’s leading vehicle technology specialist, has announced that Adam Gooch has joined the organisation as Business Unit Director for its insurance division.
Adam, will oversee Trakm8’s insurance telematics offering, playing a vital role in growing the business and spearheading continued innovation across the insurance division.
With nearly 20 years’ experience within the automotive insurance sector, Adam joins Trakm8 from Insure Telematics Solutions (ITS), a start-up he helped build and where he served as Commercial Director. Prior to this, Adam spent more than a decade in various roles at Churchill Insurance and Direct Line Group, before joining Coverbox Insurance, alongside a spell in insurance law at Greenwood Solicitors.
Speaking of his appointment, Adam commented: “I’m absolutely delighted to be joining a company as renowned for telematics insurance excellence as Trakm8. We are working with some of the biggest brands within the Insurance market and I am very much looking forward to getting started. Through my time in the industry, I’ve long been aware of Trakm8 and its industry-leading technology solutions, so it’s fantastic to be joining the team.”