Time for another job moves and senior appoitments round-up, here goes;
INVER RE
Inver Re, Ardonagh Specialty’s reinsurance broking business, has appointed Steven Rance to the newly created position of Head of Specialty London. Steven will be based in London and his Speciality remit will include Credit, Marine, Cyber, Parametrics, Motor, and Group Solutions. He will report into Inver Re London CEO Jonathan Prinn.
Steven joins from Gallagher Re where he was Managing Partner and Head of Global Mortgage. Prior to that he spent 10 years as Head of Global Mortgage at JLT. In his 35-year career he has also held the roles of European MD for US mortgage insurer, Radian and MD for Structured Transactions at mortgage insurance specialist Genworth. Steven commented: “This is an exciting time to join Inver Re and I have an opportunity to build on the early success of the organisation and develop a Specialty team which will harnesses the skills of some hugely talented people. I was attracted to the Inver Re business as its relationship to Ardonagh means it can leverage the scale of that business while also focusing on bespoke and specialist work for its reinsurance clients.
LUMERA
The Board of the insurtech company Lumera has appointed Jonas Alfredson acting CEO. Mats Lillienberg, CEO of Lumera AB since 2018, will leave the company as he is retiring.During the fall of 2023, Mats Lillienberg informed the Board of his intent to retire. The search process for a new CEO is already underway, but it is unclear when this will be completed. A joint decision has now been made where Mats promptly resigns, and Jonas Alfredson takes over as acting CEO until a permanent successor is in place. Jonas Alfredson will maintain the position of Chief Financial Officer (CFO), which he has held since joining Lumera in February 2023.“The Board and I want to extend our gratitude to Mats for his fine service as Chief Executive, which has been instrumental in enabling Lumera to reach the next level. As an effective team builder and customer-focused operational manager, he has helped reinforce Lumera’s position in our key markets in Sweden and Norway. At the same time, Mats has vigorously executed our growth strategy, advancing Lumera’s vision to be the leading SaaS provider for the European Life and Pensions industry,” says Peter Larsson, Chairman of the Board of Lumera.
LOCKTON
Lockton is proud to announce the appointment of Oliver Ross as Senior Vice President within the Global Construction team with immediate effect. Oliver, who is based in London, will be responsible for establishing and growing Lockton’s North American Construction Casualty offering to clients.
The establishment of the North American Construction Casualty business is a key initiative to maintain the significant growth of Lockton Companies LLP combined Global Real Estate and Construction business, which now includes more than 200 Partners and Associates.
Oliver is the first of four strategic hires for this new business line. He joins from Arch Re Europe where he served as Underwriting Director, Casualty Facultative. Prior to this, he held senior casualty underwriting roles at General Reinsurance Corporation and Liberty Specialty Markets, and began his insurance career as a US Casualty broker with Price Forbes.
TOKIO MARINE KILN
Leading specialty insurer Tokio Marine Kiln (TMK) announces the appointment of Matthew Shaw as CEO with effect from 1 April, subject to regulatory approval. Shaw will succeed Brad Irick who is taking up the position of co-head of international business for Tokio Marine Holdings, which is the parent company of Tokio Marine Group, to drive its international growth ambitions.
Shaw has been chief underwriting officer (CUO) of TMK since 2020. An accomplished and experienced leader with four decades of experience in the insurance industry, he has been the architect behind a transformational underwriting strategy that has led to significant performance improvements for the company in the past four years.
LINGOTTO
Lingotto Investment Management LLP, a $4.6bn investment management company owned by Exor N.V., announces the launch of their US presence and appointment of Pam Chan as Managing Partner and Chief Investment Officer of Mosaic. This new private market strategy will invest across asset classes, industries, and capital structures, and will be anchored by Exor. With this move, Lingotto is further developing an organization that allows talented investment professionals to pursue their passion for investing in an environment of autonomy and structured support.
MENDIX
Mendix, a Siemens business and established leader in the low-code market, today announced the appointment of Raymond Kok as CEO, effective February 12, 2024. Ray joins Mendix from Siemens Digital Industries Software, where he was a Senior Vice President for the platform development of Siemens Xcelerator.
Over his 22-year tenure at Siemens, Ray played key leadership roles, supporting the Software-as-a-Service transition, leading the Industrial IoT platform business and its integration with digital manufacturing, and establishing unified services for Siemens Xcelerator. Ray is stepping into the role of Mendix CEO following the decision by Tim Srock to step down.
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