Here’s a quick look at the latest job moves and senior hires.
Nick Wilmot, ACII, Chartered Insurance Practitioner and a respected expert in the home insurance market, has joined LexisNexis® Risk Solutions, a leading provider of data, analytics and technology to insurance providers, as Senior Manager, Home Insurance for U.K. and Ireland.
The appointment of an insurance industry professional with more than a decade of experience in business development, pricing and technical underwriting, underlines the commitment of LexisNexis Risk Solutions to deliver data solutions that anticipate and respond to the highly specific challenges of the home insurance market – from smoothing the application and quote process to expediting claims.
Nick Wilmot joins LexisNexis Risk Solutions from NFU Mutual where he has spent over six years, latterly as Head of High Net Worth. Prior to this, Wilmot was a Senior Technical Underwriter at Allianz following an Insurance Advisor role at Endsleigh. He is also an author of the 2020 PL3 CII Home Insurance textbook, has been part of the CII’s New Generation Programme focused on underwriting, and is currently studying for an MBA at Henley Business School.
Martyn Mathews, Senior Director, Personal Lines, U.K. and Ireland, LexisNexis Risk Solutions said: “We are delighted to have someone of Nick’s calibre on board. He brings an intimate understanding of the dynamics of the home insurance sector and the challenges insurance providers face – rate hardening, alterations in policyholder behaviour due to COVID-19, claims fraud and extreme weather events, to name a few. This will be hugely valuable in driving innovation and helping us deliver solutions that support insurance providers in meeting the changing needs of their customers.”
Nick Wilmot adds: “As my insurance career has progressed, it has become abundantly clear that technology, data and analytics are game-changers for the home insurance market, but we are really at the early stages of what is possible. LexisNexis Risk Solutions brings a fantastic opportunity to work with home insurance providers on their data strategies, build solutions to solve some of the market’s biggest challenges, and to maximise the opportunities new data sources such as IoT are set to bring, all with the interests of the customer front and centre.”
Hugh Savill has joined boutique financial services risk and regulation consultancy Sicsic Advisory as a senior advisor.
Hugh spent 17 years as the ABI’s director of regulation and brings an extensive knowledge of the regulatory landscape and comprehensive understanding of the evolution of the insurance sector.
Sicsic Advisory was launched in 2019 by managing director Michael Sicsic, a senior executive in the field of risk and regulation and former head of supervision for the UK general insurance retail sector at the Financial Conduct Authority (FCA).
Over the past 18 months its team has grown to include eight senior consultants who deliver projects for insurers and intermediaries across a broad range of issues. Hugh will support Sicsic Advisory’s growth and help its clients to navigate the major regulatory changes ahead, including pricing practices, operational resilience, climate change and the post-Brexit evolution of Solvency II.
Hugh commented: “Sicsic Advisory helps its clients to respond positively to regulatory change by putting sustainable business front and centre of its models. There are clear challenges ahead for insurers, and I’m looking forward to helping clients plan and prepare to meet them with the team.”
Gallagher has announced that Giles Hambly has joined its Major Risks Practice team as a producer, with a focus on supporting clients in relation to tax related insurance solutions. Having originally trained at EY Sydney within its international tax services division, Giles subsequently joined KPMG and, most recently was employed at Norton Rose Fulbright solicitors in London. Giles is an admitted solicitor of The Supreme Court of New South Wales, Australia and holds a Doctor of Jurisprudence degree.
Giles has extensive experience of advising on pre-sale restructures, diverted profits tax, permanent establishment risks, capital restructures, domestic and cross-border acquisitions plus general international tax issues. In his most recent role he was responsible for advising a range of insurers on their approach to tax related insurance.
Gallagher’s Major Risks Practice employs 55 risk professionals, and Giles will become part of its established & growing M&A team, which advises on tax, warranty & indemnity (W&I), contingency & litigation risks and insurance due diligence, to corporate, private equity, and M&A advisor clients. He will report into Head of W&I and Tax, Mark Ettershank.
As from Dec-2020, Malte Dummel has taken on the role of Chief Operating Officer (COO) in addition to his role as Chief Financial Officer (CFO) at xbAV. As COO, he will be responsible for implementing the firm’s strategy, coordinating the management board, and driving the firm’s revenue and growth. Malte Dummel will retain his existing responsibilities for finance, investor relations, HR and legal.
“Given the rapid growth of xbAV in the past few years, operational excellence is critical to expanding our market-leading position,” notes Lars Hinrichs, Chairman of the Supervisory Board.
“Malte was the first member of the senior management team we brought on externally, and I am incredibly proud of what we have achieved together in the last 3 years,” adds Martin Bockelmann, CEO and founder of xbAV. “I couldn’t imagine a better person to assume this additional responsibility and help take xbAV to the next level”.
“We want to offer the best possible digital services to our clients while creating lasting value for our shareholders,” says Malte Dummel. “We have assembled a fantastic team for that and together I look forward to making pension & life insurance as easy as possible for everyone”.
Malte Dummel joined xbAV in 2017 after 8 years at Goldman Sachs in London where he was responsible for advising German and European corporates on pensions, financing and M&A. He received a Bachelor’s and a Master’s degree in economics, with a focus on finance and statistics, from the University of Oxford.