It’s been a while since we last covered the various job moves, so let’s get into it…
Vantage FX, the multi-asset trading platform for retail and professional traders, announces the appointment of Geraldine Goh as Global Marketing Director. A key component of the company’s expansion strategy, Goh will help to align Vantage FX’s marketing and business goals on a global scale.
Goh’s appointment comes at a time when the existing retail trading landscape often does not prioritise the needs of localised landscapes, particularly within emerging markets. With a new and ambitious generation of traders surfacing across Asia-Pacific, as well as other emerging markets, Vantage FX is keen to address the shortfalls in these markets.
Her role, alongside the marketing team, will be to offer a unique approach which is tailored to each region – providing the local business development and sales teams with the tools they need to succeed in the environment they are in.
Howden Employee Benefits & Wellbeing (Howden) has appointed Mark Ramsook to its Global Employee Benefits team as Director of Global Employee Benefits Development for Europe and Latin America.
Mark is highly regarded within the Employee Benefits industry and joins Howden from Willis Towers Watson where he was a Senior Director and Sales leader for GB and Western Europe. He has previously held senior roles at Barclays Wealth & Investment Management and Mercer Consulting.
Mark will be responsible for developing Howden’s Employee Benefits and Wellbeing business across Europe and Latin America, as well as working with Anne Terry, Director of Global Benefits Management, to further develop Howden’s fast-growing Global Benefits Management proposition.
Glenn Thomas, Managing Director (UK) and Global Practice Leader, Howden Employee Benefits & Wellbeing commented: ‘’We are delighted that Mark has joined Howden’s Global Employee Benefits team. Howden’s People First culture, entrepreneurial spirit and employee ownership means that we continue to be the home for talent and Mark’s appointment is the latest example of this.
Marsh has announced the appointment of Stefan Farahani as Head of Specific Risks in the UK Private Equity and Mergers & Acquisitions Practice. In this newly created role, Mr. Farahani is based in London and reports to Alastair Lowry and Leo Flindall, Co-Heads, UK Transactional Risk, Marsh Specialty.
With a background in corporate and tax law, Mr. Farahani joins Marsh Specialty from Willis Towers Watson, where he was Executive Director of Contingent & Tax Risks for six years. Previously, he was a Tax Associate at law firm Slaughter and May for four years, during which time he was seconded to GlaxoSmithKline.
Mr. Farahani is responsible for developing insurance solutions for a wide range of clients, including corporates, real estate funds and private equity firms, private debt, and hedge funds. Unlike warranty and indemnity insurance – which covers unknown risks – specific risks insurance mitigates known contingent risks that could impact deal activity, impede a transaction, and result in a material loss. Mr. Farahani will build on Marsh’s recent innovations in this fast-growing product line.
CRUM & FORSTER
Strengthening the leadership within its surety operations, Crum & Forster (C&F) has named longtime, respected industry leader Matthew Lubin, President of its Surety division. The appointment is effective September 20.
Lubin, who will report to C&F CEO Marc Adee, will be responsible for growing and managing the division’s diversified surety portfolio.
“As we strive to continue providing our brokers and clients the industry-leading products and solutions they demand, we are fortunate to have someone with Matt’s extensive surety experience to lead our outstanding team,” said Adee. “His knowledge and business acumen position him well to build on the strong foundation we have in place, and we are excited to welcome Matt to C&F.”
Lubin comes to C&F after more than three decades in various surety-focused leadership positions at Chubb Limited, the last five years as Executive Vice President for Construction Surety, where he was responsible for oversight of the insurer’s North American construction surety portfolio.
Trakm8 announces that it has strengthened its insurance team with the senior appointment of Rebecca Searles as Commercial Manager.
The high-profile hire will spearhead Trakm8’s insurance sales efforts, as Rebecca looks to lead the vision and commercial growth of the brand’s insurance propositions. Rebecca brings vast experience from the insurance sector to the team and is well-known for her work alongside Penny Searles at some of the industry’s most innovative and exciting start-ups.
Joining from her previous role of Business Development Manager at Smartdriverclub Insurance she brings over a decade of experience working in the insurance industry with insurers. Rebecca is accustomed to working closely alongside insurers and brokers at a high level, whilst also working directly with customers.
Searles will play a key role in the further development of Trakm8’s telematics insurance services through refining and further enhancing their capabilities and propositions in the insurance market. Rebecca will work alongside Adam Gooch the Business Unit Director for Insurance at Trakm8 to develop new client relationships as well as continuing to enhance the overall Trakm8 solution.
Duncan Carter has been appointed CEO Retail at Global Risk Partners (GRP). He joins GRP from Marsh UK, where he was head of placement and networks, and will report to Group CEO Mike Bruce.
Mike Bruce said the need for a CEO role has come about as a result of continued growth of the Retail division, which now employs over 1,000 staff in offices across the UK:
“The Retail division is the largest business in GRP, and the exponential growth we have seen over the last few years is set to continue with a great pipeline of acquisition deals in play. Our model is to integrate, digitise and drive organic growth in the brokers we acquire, and as CEO Retail, Duncan will join the GRP Executive to spearhead these ambitious plans.
“Duncan is another great appointment for GRP and follows COO Steve Anson from Ardonagh in April. He is a seasoned practitioner with the breadth of experience to make a big and positive difference to our high performing Retail division.”
COGITANDA Dataprotect AG, Germany’s leading provider of cyber risk management and insurance solutions, is strengthening its Executive Board and appoints Ronan Gerety as Chief Insurance Officer (CIO) as of 1st September 2021. Based in Cologne, the 54-year-old will be primarily responsible for international growth and further development of the cyber risk specialist’s offerings.
Gerety, who started his career at the Lloyd’s Market in London and with the Gerling Group, joins from industrial insurer Liberty Specialty Markets, where he held the role of General Manager, with responsibility for Germany since 2018. He was also responsible for building up the European business of the specialty insurer Catlin, where, as one of its founding directors, he supported the opening of 13 offices across nine European countries from 2004 until 2015 and was instrumental in expanding relationships with European brokers and driving the development of Catlin’s insurance products.
Trade credit insurer Atradius has appointed Nicola Hinchliff to the role of service leader for its Northern Hub.
Nicola first joined Atradius in 1997, starting as an account executive based in the firm’s Manchester office on what was originally a temporary contract. Flourishing in the role, she took a permanent position and within nine years, was promoted to the role of account manager while she was on maternity leave. Building up extensive customer service experience, the latest promotion sees Nicola take the combined roles of senior account manager and service leader of the entire northern region.
In the new position, Nicola is responsible for driving service excellence in the servicing team, maintaining and growing client and broker relationships and supporting the management and development of the northern Atradius team.
Nicola commented: “Atradius is global business with experts all over the world which regional businesses can access through a familiar face on their doorstep. We’ve always prided ourselves on the strong relationships we have with customers and brokers across the entirety of the north, ensuring we know our customers’ businesses inside out to provide the best support possible. As service leader, I want to ensure Atradius maintains the first-class service it is renowned for and continue to enhance our offering.”
Leading independent specialty Managing General Agent Nexus Group (“Nexus”) is pleased to announce the appointment of Tan Chai Foo as Head of Treaty Reinsurance, Asia, to further boost its ambitions in the region.
Based in Kuala Lumpur, Malaysia, Chai Foo will help to expand the existing structured reinsurance activities of Labuan-based Nexus Structured Solutions into more traditional treaty reinsurance business and will report to Nexus Asia Chief Executive Officer Anthony Egerton. An Actuarial Science Graduate with a Master’s Degree in Business Administration, Chai Foo has been underwriting treaty reinsurance across the Asia-Pacific regional marketplace on behalf of Labuan-based reinsurers for the last ten years. Most recently, he headed the reinsurance department and was a member of the executive management team of Progressive Insurance Bhd, Malaysia.
Gerard Pennefather, Nexus Asia Chairman, said: “I am delighted that someone of Chai Foo’s calibre is joining the team as this clearly demonstrates Nexus’ strong commitment to expansion in the region. Chai Foo will drive forward our treaty reinsurance business in Asia
including China and will work with existing Nexus colleagues in Hong Kong and Labuan to develop and implement our overall strategy.”
Alesco Risk Management Services (Alesco) has appointed Donald Alcorn as managing director of its global delegated authority practice.
Donald has been with Alesco for over 10 years, having most recent been managing director of delegated authority for the UK. In his new role he will head up the 50 strong team which is based primarily in London and services clients globally. Donald has worked in the London Market for over 25 years specialising in binding authorities and joined Alesco as part of the Oxygen acquisition.
Alesco Delegated Authority has a portfolio of approximately 300 contracts for over 125 agents around the world and manages gross premiums in excess of $1 billion. The practice works with MGAs, cover holders and specialist brokers from over 30 countries and supports both well-established clients, and MGAs during start-up phase where the team can offer assistance from concept to operation by providing advice on providers of regulatory permissions, direct regulatory authorisation and sources of working capital funding and systems providers.