Insurance Transitions in May

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

AHI announces new CEO

Accident and Health International (AHI) has appointed Danny Byrnes as CEO, following the departure of Peter Banks.

Banks left the underwriting agency last month after 18 years with the company including two as a CEO and Byrnes has been recruited from IAG, where he most recently led CGU’s national authorised representative strategy.

The incoming CEO has more than 27 years’ industry experience, having held senior management roles at IAG across sales, distribution strategy, underwriting and strategic relationship management.

He will divide his time between the Melbourne and Sydney AHI offices, and has started in the position this week.

Munich Re announces new Chairman

Munich Re has announced at their AGM that Joachim Wenning will take over the role as chairman of the board of management, succeeding Nikolaus von Bomhard.

Bernd Pischetsrieder, the chairman of the supervisory board at Munich Re, commended the previous chairman’s contributions to the company. “Nikolaus von Bomhard took over at the helm of Munich Re at a difficult time, and successfully repositioned the Group’s strategy; this allowed Munich Re to survive the financial crisis unscathed,” he explained.

The AGM also saw the election of Renata Jungo Brüngger as a member of the Supervisory Board, replacing Wolfgang Mayrhuber whose resignation will take effect from the end of 2016. Brüngger will serve his post until the AGM in 2019.

Solutions Underwriting announces new appointment

Solutions Underwriting has appointed Ross Chambers to their Sydney team as their professional lines underwriter.

Prior to this role, Chambers was with Brooklyn Underwriting and brings with him a number of years of financial lines experience.

Managing Director, Rhys Mills has said in a LinkedIn post, “Ross brings a great attitude towards looking after you, our valued brokers”.

Ross will be looking after brokers throughout New South Wales, ACT and Queensland.