Brian Secrett, Lloyd's interim head of underwriting performance, has been appointed chief underwriting officer at Tokio Millennium Re (TMR).
Effective 1 October and subject to regulatory approvals, Secrett will lead TMR’s underwriting and pricing functions, and will have responsibility for both the risk selection process and controls. Secrett will be based in London.
Secrett will also join the reinsurer’s executive committee.
Secrett joined Lloyd’s in 2015, where he served as head of class of business before being appointed interim head of underwriting performance after Theresa Froehlich vacated the position.
Prior to Lloyd’s, he had led PartnerRe’s catastrophe reinsurance business since 2011.
Secrett began his career in reinsurance in 1989 as a property treaty underwriter at Swiss Re in London.
Commenting on the hire, TMR CEO Stephan Ruoff said: “Brian has an impressive track record with almost 30 years of reinsurance underwriting and insurance risk experience having been responsible for leading the underwriting performance team and initiatives at Lloyd’s, and prior to that leading a very significant catastrophe reinsurance business portfolio.
“Brian’s expertise in underwriting, pricing and risk analytics combined with his long term experience of building balanced underwriting portfolios, equips him perfectly for his new role at TMR.”
Secrett's departure from Lloyd's follows the exit last year of Tom Bolt, who was performance management director, and then of Froelich, who was head of underwriting performance and took Bolt's role on an interim basis after his departure.
The performance management director role was eventually filled on a permanent basis by Jon Hancock, who joined from RSA.