People in the News

Former JLT marine CEO Longley to leave MMC; linked with newly launched McGill & Partners

Gordon Longley – the former UK CEO of marine and cargo at JLT – is the latest executive to resign from their role at new parent MMC, understood to be leaving to join Steve McGill’s new broking platform.

 

McLarens creates new global role for Cunningham Lindsey CEO 

Global loss adjuster McLarens has hired David Pigot for the newly created role of director of London markets & global head of specialty.

 

Convex continues talent roll-out with Axa XL property hires

Stephen Catlin’s US$1.8 billion nascent international specialty (re)insurer Convex has continued to build its underwriting capabilities with the hire of Axa XL’s head of property Roy Foster and head of US property Sam Ashard, who are understood to have resigned recently.

 

Lloyd’s to recruit 200 industry professionals to drive bold transformation plan

Lloyd’s CEO John Neal’s rallying call to the market to support his transformation project will lead to 200 industry professionals being seconded from brokers and underwriters to assist with his initiative.

 

Lloyd’s has put forward six fresh ideas. These include: a digital platform for complex risk which makes doing business easier for the most difficult-to-cover risks; the creation of Lloyd’s Risk Exchange which will handle less complex risks, so they can be placed in minutes and at a fraction of today’s costs; flexible capital which can access a diverse set of insurance risks on the Lloyd’s platform; a syndicate-in-a-box, which offers a streamlined opportunity for innovators to bring new products and business into the market; a next generation claims service to improve customer experience and increase trust by speeding up claims pay-outs; and an ecosystem of services which helps all market participants develop new business and provide outstanding service to their customers.

 

Lloyd’s said the work on building and delivering prototypes for the changes is expected to begin in October 2019, with some operational in early 2020.

 

Ariel Re swoops for Tokio Millennium Re hire to build marine & energy operations

Ariel Re, a subsidiary of Bermuda-based Argo Group, has hired its new head of marine and energy, reinsurance from Tokio Millennium Re.

 

David Martin brings over 30 years of industry experience to Ariel Re.

 

He will work closely alongside Emily Leitch, senior specialty reinsurance underwriter, to build out the business.

 

Most recently, Mr Martin was head of UK underwriting at Tokio Millennium Re.

 

He will report to Matthew Wilken, the company’s deputy global head of reinsurance.