Insurance transitions for February

Check out the latest movements and transitions within the industry this month.

Zurich appoints head of deal and broker management

Zurich has announced the appointment of Mark Hunt to the newly created role of Head of Deal & Broker Management, in a move aimed at bolstering Zurich’s trading capability and broker engagement.

Giles Crowley, Chief Distribution & Deal Management Officer, said: “I am delighted to welcome Mark ‘home’ at a time when we are seeking to bring greater focus to our engagement with our broker partners and supercharge our deal management capability.”

“Time and time again we hear from our broker partners that although our technical excellence is valued, we could improve the way we work across different lines to develop portfolios of business,” Crowley said. “Mark’s appointment represents a step-change in our deal management capability and helps bring to life our ambition to create a ‘best in class’ distribution function, and make decisions much closer to our customers.”

Mark Hunt will re-join Zurich on 25th February 2019 and his appointment follows a stint leading a casualty-focussed Lloyd’s insurance consortium. He was previously with Zurich from 2011 to early 2018 and held senior underwriting and deal management roles during this time. Earlier in his career he spent nearly 20 years leading Lloyd’s liability syndicates in London.

“I’m delighted to return to Zurich at a time when it has generated significant momentum and has a clear strategy to engage with its broker partners in a much more focussed way,” Hunt said. “With its focus on the commercial, intermediated insurance segment it is vital that Zurich is delivering on the things that matter most to brokers, and I’m excited to now be playing a part in that.”

Tim Plant, CEO, General Insurance, said: “Mark’s appointment is an endorsement of our renewed strategy, and our ability to attract top industry leaders. I look forward to working with him to bring the best of Zurich to our customers and broker partners.”

QBE names Asia CEO

QBE has appointed Jason Hammond as CEO for its Asia operations.

In his new role, Hammond is responsible for QBE’s Asia operations, including China, Macau and Hong Kong, as well as Singapore, Malaysia and Vietnam. He is based in Singapore and reports to Richard Pryce, CEO of QBE International. He was previously interim CEO for QBE North Asia.

Richard Pryce, CEO of QBE International said: “Jason brings extensive experience of managing large teams and a proven track record of strategic and operational management to his new role as Asia CEO. He will lead the new Asia structure across geographical and functional lines to help create a stronger and simpler QBE.”