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EC News (18 February 2021)

February 18, 2021

Round-up of the weekly news and developments from the global (re)insurance market with stories from Swiss Re Corporate Services, Marsh & McLennan, Willis Re and more.

Swiss Re CorSo names Andrew Dougall global head casualty

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group has announced the appointment of Andrew Dougall as global head casualty, effective, 22 February 2021.

Based in London, he will report to Kera McDonald, chief underwriting officer bespoke. Additionally, he will take on the role of head casualty & FinPro (Financial and Professional Liability) EMEA.

Dougall will be responsible for driving the success and overall profitability of the bespoke casualty portfolio globally as well as leading a global team of underwriters. He will also work with the regional casualty lead to sustain strong underwriting standards and ensure management and liability coverages are aligned to the needs of corporate customers.

McDonald commented: "We're committed to the Casualty insurance market globally and I'm delighted to welcome Andrew to the team. He is a highly experienced Casualty and FinPro executive with outstanding technical underwriting knowledge, leadership skills and industry perspectives from across diverse geographies. Andrew's deep understanding of our customers' needs and extensive broker relationships will be immensely valuable in developing and refining our underwriting performance in these important lines of business. I'm looking forward to working with Andrew and I'm confident that, under his leadership, we will continue to strengthen our Casualty and FinPro presence and capability globally."

Marsh & McLennan hires Nzinga Shaw as chief inclusion and diversity officer

Marsh & McLennan Companies, a professional services firm in the areas of risk, strategy and people has appointed Nzinga Shaw as chief inclusion & diversity officer, effective 16 February 2021.

In her new role, she will report to Carmen Fernandez, chief people officer.

Shaw most recently served as Starbucks Coffee Company’s global chief inclusion & diversity officer. In this position, she was instrumental in creating accountability and tying rewards to progress toward L&D goals and accelerated the company’s journey to 100% pay equity.

Prior to Starbucks, she was the chief diversity & inclusion officer for the Atlanta Hawks, the first role of its kind in the National Basketball Association. 

Shaw said: "Marsh & McLennan has a long history of developing I&D thought-leadership and providing clients with solutions that are critical components for future organizational success.  I am proud to join the organization and work with a talented team of leaders to cultivate a culture of inclusion that fosters different points of view and empowers diverse colleagues.”

Michel Büker joins Willis Re as head of Lloyd’s Capital

Willis Re, the broking reinsurance arm of Willis Towers Watson has appointed Michel Büker to the newly created dual role of head of Lloyd’s capital and head of production, customised solutions, EMEA at Willis Re Specialty, effective 8 February 2021.

In these roles, he will have responsibility for extending Willis Re’s relationships with the Lloyd’s market and assisting the Specialty team in developing bespoke solutions for clients.

Büker joins from reinsurer PartnerRe where he served as CEO of the entity that provided capital to Lloyd’s syndicates. Prior to this, he was the head of global clients and London Market business of PartnerRe.  

Before Partner Re, he held underwriting and underwriting management positions in several territories and classes of business with Paris Re and AXA Re.

Graeme Moore, CEO, Willis Re Specialty, said: “We are delighted that Michel has joined Willis Re. His experience and extensive sector relationships in London and the continent will prove to be an invaluable asset to showcase the innovative bespoke solutions that we continue to develop on behalf of our clients.”

London Market Group adds Rob Kuchinski to board

The London Market Group (LMG) has announced the appointment of Rob Kuchinski, head of commercial insurance at Zurich UK, as a member of its board.

He will replace Patrick Tiernan, managing director UK Commercial Lines & Global Corporate & Specialty at Aviva representing the International Underwriting Association.

Matthew Moore, chair of the London Market Group said: “We are delighted to welcome Rob to the board. He will bring us both a tremendous depth of experience in the company market and his perspective as Chairman of the IUA, both of which will be vital in helping our understanding of this key part of the London market and in helping us to support all or stakeholders.”

Chubb Global Markets sets up new energy underwriting team

Chubb has announced the creation of a new energy team in Chubb Global Markets (CGM) which will underwrite all large corporate energy customers in EMEA, Asia Pacific and Latin America.  

CGM comprises Chubb’s London market wholesale and specialty business including the company’s Lloyd’s platform.

Middle market energy customers' risks will continue to be underwritten and serviced locally.  

Based in London, the team is led by Andrew Brown, newly appointed head of energy CGM. Brown brings over 15 years’ experience to the role, most recently as chief underwriting officer, global energy Chubb Overseas General (COG). He joined Chubb 14 years ago and has held various positions across upstream and downstream energy within CGM and has been based in both London and MENA.

Melanie Markwick-Day has been appointed head of upstream energy and is responsible for managing and developing the upstream portfolio, moving from her most recent role as upstream energy senior underwriter COG.

Following Markwick-Day’s appointment, Adam Groves has been appointed head of downstream energy.  He will oversee the management and development of the downstream energy portfolio. He was previously regional head of energy for Chubb in MENA.

Riaz Thanduparakkal has been appointed head of multinational and network. Previously energy product head for CGM, Riaz is now responsible for managing the multinational portfolio and network.

Additionally, Matthew Bilbey has been appointed chief underwriting officer and joins the firm from his most recent role as regional head of energy for Chubb in Asia Pacific.

Jason Keen, president Chubb Global Markets, executive vice president Europe said: "I'm delighted that under the leadership of Andrew, Melanie, Adam, Riaz and Matthew we have a very experienced team in place and by concentrating our resources we are creating an entrepreneurial underwriting environment that will bring new and innovative solutions to our clients not only within the London market, but further afield across EMEA, Latin America and Asia Pacific."

Matthew Hardy, global head of energy, executive vice president Chubb Overseas General said: "These structural changes will enhance the value proposition across our Global Energy operation and help us to deliver more focused solutions for our clients and distribution partners. Crafting two distinct operating models, with dedicated underwriting, engineering and claims teams, will enable us to create an effective offering for brokers and clients so we can respond to their needs even more quickly and capitalise on our global insights across both segments. Our regional offices will provide local expertise along with focused underwriting for our clients.  These changes also further demonstrate the breadth of technical understanding we have within Chubb Global Energy."

Arch Insurance appoints Craig Cafferty as senior underwriter to property team

Arch Insurance International, a subsidiary of Arch Capital Group has announced the appointment of Craig Cafferty as senior underwriter, property, effective immediately.

Based in London, he will report to Paul Keeley, head of property. In his new role, he will work with existing clients across the portfolio as well as exploring new business opportunities, adding further momentum to the firm’s strong growth in the sector.

Cafferty joins a well-established property team with a strong focus on technical underwriting and customer service.

Cafferty brings over 17 years of sector experience to the role, most recently serving as an international property broker and vice president at Marsh and led the company’s property team for Asia.

He has also spent time at Cooper Gay and was an international facultative property broker at CGNMB LLP.

Keeley commented: “We are delighted to have Craig join the property team. He has extensive broking experience in the property sector across a broad and diverse range of territories and an equally broad range of occupancies. He will play a key role in helping to further strengthen our property insurance division and will bring a new and valuable perspective to the line of business at both the individual risk level and broking house to carrier level.”