Insurance, investment and retirement specialist Liverpool Victoria Financial Services Limited (LV=) has announced the appointment of Simon Moore as its new chair. Simon Moore will join the board as LV= chair, subject to regulatory and other third-party approvals. He will succeed interim chair Seamus Creedon, who will continue in his role as a non-executive director on the LV= board.
Simon brings extensive experience of the UK life insurance sector and asset management to LV= after a 30-year career spanning a wide range of financial institutions. They include Lloyds Banking Group, Chase Manhattan Bank, ABN AMRO, Barclays Bank and the Confederation of British Industry (CBI).
At Chase Manhattan Bank he was a member of the global insurance team in London and New York working across life, general insurance and reinsurance. At ABN AMRO he focused on insurance and asset management clients.
Simon is currently chair at PCF Group, RCI Bank UK and Cambridge & Counties Bank.
“Caroline’s well-recognized reputation and global experience across our industry make her an ideal choice for this role,” said Mitch Blaser, Co-CEO of Mosaic. “We look forward to working closely with her and fellow directors to generate value for all our stakeholders.”
“Mosaic will benefit significantly from Caroline’s wealth of financial services knowledge and thoughtful leadership perspective,” said Mosaic Co-CEO Mark Wheeler. “We’ve invited her to the Board as Mosaic continues to build out its global growth, and we’re proud to have her join us on the journey.”
Foulger has been an independent, non-executive director in the financial services industry since 2013. Prior to that, she was a partner at PwC Bermuda for 12 years, primarily leading the insurance practice in Bermuda and serving listed clients with both audit and advisory services. She spent nine years, until May 2022, as a director for Hiscox and its subsidiaries at Lloyd’s and in Bermuda, serving as chair of the Hiscox audit committee, and a member of its risk, remuneration, governance, and investment committees.
In addition to the appointment of Foulger, Mosaic also welcomed Alexander Dias, (pictured above) CEO and Managing Director of Angel Island Capital (AIC), to its Board of Directors. AIC is a specialty finance portfolio company of Mosaic’s anchor investor, Golden Gate Capital, a leading private equity investment firm with over $19 billion of cumulative committed capital.
“I am excited to join the Mosaic Board during the early stages of the company’s growth and business development,” said Dias. “I share Mosaic’s vision of growing through technology and innovation, with an emphasis on building a strong team to execute the strategy. I look forward to providing my perspective and experience as Mosaic continues to expand the business.”
CYTORA
Steve, who has a strong track record of business development, growing revenues and increasing market share in B2B and B2C markets, was previously at automation no-code platform provider Neota Logic Inc, where he upheld the position of Global Markets and Growth.
With over 20 years of experience in business development, Steve has extensive expertise in the travel, registration and events industries creating some of the most recognizable markets and programs in the embedded coverage industry today.
Steve’s new role as VP of Sales will include global sales and business development, assisting partners in creating lasting value, loyalty and ancillary revenue. He is looking forward to his first event with Pattern at Phocuswright Amsterdam on 27-29th June.
Commenting on his new role at Pattern, Steve Utley said: “It’s an exciting time to be a part of this fast-growing insurtech. Pattern has developed an impressive portfolio of award-winning insurance propositions that, combined with its global regulatory framework, makes it easy for travel, recreation and events companies to sell embedded insurance for customers worldwide. I’m looking forward to working with Pattern to strengthen their proposition on a global scale.”
PEN UNDERWRITING
Pen Underwriting today announces that Dan Hydleman has joined as a specialist Technology Underwriter to help meet growing demand for tailored insurance solutions that support the rapid rise of the technology sector in the UK, and its broad spectrum of businesses.
Dan will be based in Pen’s Leeds office and report into Tom Dixon, Head of Technology, who joined the company in September to spearhead the development of the new niche within Pen and build out a comprehensive portfolio of professional indemnity-led innovative risk solutions.
Dan joins from Hiscox where he has been an underwriter specialising in technology since 2019, and brings experience in direct-to-consumer channels, e-trade capabilities and a focus on the customer journey. Pen’s PI-led portfolio of risk solutions cover companies ranging from software developers, internet service providers and GDPR consultants to specialists in blockchain, artificial intelligence and data analytics.
AVERAGE ADJUSTERS
The Association of Average Adjusters has congratulated two new Fellows and two new Senior Associates after they qualified on passing the Association’s most recent examinations.Phillip McCabe and John Thompson have become Fellows, and Jack Ellis and Ayodeji Sasegbon are now Senior Associates.Association chairman for 2022-23 Michiel Starmans congratulated the four members for their success in the rigorous examinations which test participants on a wide range of expertise in adjusting, insurance, and legal issues.
GALLAGHER RE
Gallagher Re, the global reinsurance broker, recently announced the appointments of six senior executives in the Asia Pacific region, effective immediately.
This follows Gallagher Re’s announcement of Heather Bone as its new CEO in Australia in February, and wider range of senior appointment hires within its Australian operations.
· Yuan Tian has joined Gallagher Re as the Strategic and Financial Analytics Lead for Asia Pacific, to provide clients with the perspective of key external stakeholders, including rating agencies, regulators, investors and shareholders. Most recently, Yuan was a Senior Financial Analyst at AM Best for a portfolio of life and property and casualty (re)insurers in the South Asia region. Yuan is a qualified actuary with broad-ranging experience across actuarial, risk management and data analytics, having previously worked in London and Singapore.
· Roshan Perera joins Gallagher Re’s Regional Development Team in Asia Pacific as Executive Director to support strategic client engagement around risk, capital and earnings issues in the region and will be based in Kuala Lumpur. Roshan brings a wealth of experience in addressing complex insurance issues in both the public and private sector to his new role. He joins from his most recent position as a Partner at NMG Consulting, and has over 20 years’ experience delivering actuarial & strategic advisory projects across developed and emerging markets.
· Cliff Downing brings more than 35 years’ experience to his new role as Executive Director in a senior, regional property role, covering both treaty and facultative disciplines. Cliff has worked in Australia, London, Singapore and Malaysia and has been involved in some of the largest and more complex reinsurance programmes for insureds and reinsureds across the Asia Pacific region, including Japan and Australasia.
· Richard Sanders has been appointed Research and Advisory Lead in Asia Pacific, bringing 30 years’ experience in the field of catastrophe modelling and risk analysis. Richard will work with Gallagher Re’s teams in Asia Pacific and with the wider Gallagher Re practice and product groups to enhance their regional capabilities in areas such as climate and broader ESG themes. He will also act as the principal contact point for public private partnerships in Asia Pacific.
· Andy Hulme has joined Gallagher Re as Head of Actuarial for Australia and New Zealand. A qualified actuary by profession, Andy brings more than 25 years’ experience in the (re)insurance industry having worked in both direct insurance companies and reinsurance brokers across the UK and Australia, including experience in the wider APAC region. During this time, he provided trusted advice to a range of government and commercial entities in relation to insurance risk transfer.
· Hitoshi Sonobe hasjoinedGallagher Re as Head of Analytics for Malaysia. Based in Kuala Lumpur, Hitoshi will be at the forefront of Gallagher Re’s analytics proposition for its Malaysian client base, while leading and harnessing the competence of the growing local team. He will build on the delivery of quality ground-up reinsurance analytics, while strengthening the cohesion of advice across the risk-spectrum.
BEAZLEY
Beazley has announced today that Catherina MacCabe, Focus Group Leader International Management Liability (IML), Specialty Risk, is to retire and that Oliver (Oli) Wheeler will succeed her as Focus Group Leader from the 1st July 2022. Emma Pereira has also been promoted to Product Leader for the team.
Catherina has led the IML team at Beazley for over five years, building it up to be a leading IML team in the London Market and growing the firm’s book of Directors & Officers (D&O) and Management Liability business in Europe, Asia and Latin America. She will stay at Beazley over the remainder of the year to ensure a smooth transition to the new leadership team.
Oli joined Beazley in 2021, and prior to this, he was D&O Practice Leader at AON London. Oli has previously held underwriting and leadership roles with Chubb, Axis and Liberty, and has successfully managed Financial Lines portfolios in New York and Madrid.
Gerard Bloom, Head of International, Specialty Risks said:
“Catherina will leave a legacy of underwriting excellence, and under her leadership, the IML team has gone from strength to strength. I will miss her greatly, as will her colleagues, brokers, clients and peers. I wish her a very well-deserved retirement.”
Gerard added: “The strength and depth of the IML team is evidenced by Oli taking over the reins, supported by Emma who also starts her new role on the 1st July. Their combined talents and experience will be invaluable as we seek to deliver our ambitious growth plans and help our clients to navigate the increasingly tricky liability risk landscape they face in these turbulent times.”
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