Top 10 Popular Moves Within Insurance (September 2023)

In the ever-evolving world of the insurance sector, September 2023 has proven to be a pivotal month, marked by significant developments across various subsectors. From the intricate realm of reinsurance to the pivotal roles played by insurance brokers and intermediaries, and encompassing the diverse domains of non-life, life, health, and pensions insurance, the industry is experiencing a profound transformation. In this months "Top Ten Popular People Moves," we provide an exclusive glimpse into the latest industry trends and events. Prepare to uncover not only the notable executive appointments and leadership shifts but also the innovative strategies, emerging patterns, and groundbreaking collaborations that are reshaping the insurance landscape in unexpected ways. Join us as we introduce the fresh faces and visionary moves poised to redefine the insurance sector in September 2023 and beyond.

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1. Experienced Industry Leader Takes Helm at Dubai National Insurance

Dubai National Insurance (DNI) is proud to introduce Mr. A. R. Srinivasan as its new Chief Executive Officer (CEO). With a remarkable 37-year career in the insurance industry, Mr. Srinivasans appointment signifies a commitment to strategic leadership and excellence at DNI. H.E. Khalaf Al Habtoor, Chairman of DNI, expressed excitement over this development, highlighting Mr. Srinivasans strategic vision and transformative capabilities. As CEO, Mr. Srinivasan is poised to lead DNI into a new era of innovation, exceptional service, and prosperous growth, reinforcing its position as a pioneering force in the insurance sector.

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2. MAXIS GBN Expands Leadership Team in EMEA Regions

MAXIS Global Benefits Network (MAXIS GBN) strengthens its leadership in EMEA regions with the addition of Suzanna Hicks and Nathan Dewhurst as member managers. The networks local insurers will benefit from their expertise, alongside Rebeca Kinloch and Brian Park, who manage the Americas and APAC regions. Suzanna Hicks, with extensive experience in employee benefits and private medical insurance, joined MAXIS GBN in July 2023 after five years at AXA Health. This strategic move enhances MAXIS GBNs capabilities in delivering global benefits solutions across EMEA.

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3. BHSI Appoints Edwin Sim as Vice President in Singapore

^Berkshire Hathaway Specialty Insurance (BHSI) has appointed Edwin Sim as Vice President and Head of Executive & Professional Lines in Singapore. This move reflects BHSIs commitment to expanding its capabilities in Singapore and across Asia. Edwin has played a key role in this expansion, delivering multi-line solutions and multinational programs to customers and brokers. As BHSI continues to grow, they aim to offer their extensive, straightforward policies and customised Executive & Professional Lines capacity to the market. Edwin Sim joined BHSI in 2017 and was promoted to Vice President in 2020.

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4. Texas Mutual Announces New Board Member and Reappointments

Texas Mutual Insurance Company welcomes Gary Gibson as a new board member, while reappointing Kristi Koncaba and Ron Simmons. Their terms will run until July 1, 2029, with Simmons remaining as chairman. Gibson, CFO of Star Furniture Company, joins the team, while Koncaba, with over 20 years in commercial banking, and Simmons, continue their roles in shaping the states leading workers compensation insurance providers future.

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5. Experienced Insurance Professional Joins Alliant Americas in Midwest

Tim Vonder Haar has joined Alliant Insurance Services as Vice President in the Alliant Americas division. Based in St. Louis, he brings extensive experience in property and casualty insurance, specializing in tailored solutions for clients across the Midwest region. Vonder Haars expertise covers commercial insurance, risk management, workers compensation, estate planning, and group health. He also offers educational support to business owners on industry trends and organizational protection.

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6. Global Construction Business Leadership Change at Allianz Commercial

Allianz Commercial announces the appointment of Darren Smart as the global head of its construction business, effective March 2024. Based in London, UK, Smart will report to Gordon Browne, the companys speciality global head. Smart brings extensive experience, having previously served as the global construction practice leader at Liberty Specialty Markets and worked as an underwriter at Allianz Cornhill (Allianz UK). This appointment coincides with the restructuring of natural resources and construction portfolios as distinct lines of business. Browne will oversee the transition until Smart assumes his role in the following year. Browne expresses excitement about Smarts return, emphasizing his industry expertise and global perspective to drive growth in this critical business segment.

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7. AIG Elevates Lucy Fato to Vice Chair in Major Transition

American International Group (AIG) is making a significant move, appointing Lucy Fato to the position of Vice Chair, effective October 1, 2023. In her current role as Executive Vice President, General Counsel & Global Head of Communications and Government Affairs, Fato has been instrumental in AIGs transformation efforts. Her achievements include bolstering governance, enhancing organizational health, and shaping AIGs Purpose and values. Fatos leadership also resulted in the successful separation of AIG and Corebridge Financial, navigating pandemic challenges, and orchestrating strategic transactions for long-term profitability. This transition marks a pivotal moment for AIG under the guidance of Chairman and CEO Peter Zaffino.

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8. RSA Insurance Announces New Commercial Lines Underwriting Chief

RSA Insurance has announced the appointment of Graeme Smith as the new Chief Underwriting Officer for its commercial lines business, effective September 18, 2023. Smith will oversee all underwriting activities and portfolio management, driving RSAs underwriting strategy and capabilities. This strategic move aims to strengthen the already successful commercial lines business, aligning with ambitious growth plans in an uncertain global economy, as highlighted by Nathalie Dufresne, Chief Underwriting Officer for the UK and international at RSA.

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9. Experienced Leader Joins Lloyds Market Association as Underwriting Director

The Lloyds Market Association (LMA) has announced the appointment of Elizabeth Jenkin as its new underwriting director, starting from October 9, 2023. With over 23 years of experience, including a significant tenure at Aon, Jenkin brings a wealth of expertise to the role. She will report to LMAs CEO Sheila Cameron and will play a crucial role in collaborating with Lloyds, LMA members, and the wider market to drive transformative change. Jenkins extensive experience and board-level perspective make her an ideal choice for this important position.

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10. Carbon Underwriting Limited Announces Rupert Atkin as Chairman

Carbon Underwriting Limited, a Lloyds syndicate, has made a significant leadership change with Rupert Atkin assuming the role of Chairman, effective immediately. After over five years of dedicated service, the current Chairman, Stephen Card, will be stepping down. Rupert Atkin, also Chairman of Ark Managing Agency and Whitespace, brings a wealth of experience, having previously led Talbot Underwriting Ltd and served as Chairman of the Lloyds Market Association. His appointment signals a new era for Carbon Underwriting Limiteds leadership.