Insurance transitions March 2017

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

JMD Ross Insurance Brokers

Sydney-based JMD Ross Insurance Brokers have announced industry veteran John Davaine as a new director.

Davaine joined the brokerage in 2016 and is a specialist professional risks broker with more than 25 years’ experience. He is responsible for business efficiency improvement and developing new client and underwriter relationships.

CEO John G Duncan welcomed Mr Davaine’s elevation to the board. “John has the can-do attitude that epitomises what JMD Ross Insurance Brokers stands for. Client service is paramount and he understands the commitment required to ensure that is always achieved,” Duncan said. “His addition to the team last year was part of the company’s long-term succession planning.”

“The JMD Ross brand is well known and universally respected as one that represents the highest standards in insurance broking so I am thrilled to be a part of such a quality organisation,” Davaine said. “It is imperative we never stray from what has brought us to this point – always delivering great service and expert advice to our clients.”

Davaine has significant experience in managing risks faced by firms listing on the ASX and the specific needs of businesses requiring Australian financial services licences. He joined the industry in 1990 as a university graduate, initially working for insurers before moving to broking 25 years ago.

AON

Aon has announced the appointment of Dan Chapman to lead the Surety, Trade Credit and Political Risk business at the firm. Chapman heads a national team of experts and has responsibility for driving growth in the business’ rapidly expanding client offering in Australia.

An industry expert in both the Australian and UK markets, Dan is tasked with bolstering Aon’s market presence across surety, trade credit and political risk insurance.

“The current economic environment presents ever growing challenges for our clients. At Aon, we believe there is an opportunity to deliver more creative solutions within the surety, trade credit and political risk markets in Australia,” said Jennifer Richards, Managing Director, Specialities, Aon Risk Solutions, Australia.

“In hiring Dan, we plan to strengthen our position within this market whilst continuing to build on our existing momentum in credit risk services,” Richards added.

Commenting on his new role, Chapman said, “Credit insurance is an important risk financing tool for our clients in Australia, but it is currently an underserviced market, creating an exciting window of opportunity for Aon”.

XL Catlin

XL Catlin’s insurance operations have announced two appointments this week.

James Tuplin as Head of Cyber & Technology, Media and Telecoms, International. In this role based in London, Tuplin is responsible for the underwriting of Cyber insurance, as well as Professional Indemnity insurance for the Technology and Media sectors.

According to PwC, the Cyber insurance market is set to reach $7.5 billion by 2020 and hence is a key area of development for the insurance market.

Commenting, Louise Dennerståhl, XL Catlin’s Head of International Financial Lines – Insurance, said: “There is a clear requirement for Cyber coverage amongst clients and we are delighted that James has joined us as Head of Cyber & TMT. He is a respected figure in the market, known for his expertise in Cyber insurance and his knowledge of the technology sector. I am convinced that he has the right skillset to lead our international underwriting efforts successfully for these high profile and complex insurance solutions.”<

Tuplin has nearly 15 years’ experience in the insurance industry. He joins XL Catlin from QBE where he spent three years as Cyber & TMT Portfolio Manager, with responsibility for growing the cyber portfolio in Europe. He previously held the role of Senior Technology PI and Cyber Underwriter at Allianz Insurance PLC, where he was instrumental in launching a Technology PI solution. Prior to this, Tuplin spent 10 years at Zurich Global Corporate, where he held various underwriting positions specialising in Errors & Omissions and Professional Indemnity insurance, in the UK and Canada.

Tim McMahon jas been appointmed the Global Chief Underwriting Officer, Property, effective May 1, 2017.Based in London, McMahon will be responsible for overseeing underwriting for XL Catlin’s Property insurance solutions across the world. In this role, McMahon joins XL Catlin’s Global Insurance Underwriting team, sharing responsibility for the management of XL Catlin’s global portfolio.

Neil Robertson, Chief Executive, Insurance Underwriting, commented: “I’m delighted that we were able to appoint somebody from within our internal talent pool to this role. Tim has an impressive track record at XL Catlin and is ideally positioned to further develop our property solutions to achieve profitable growth.”

McMahon has over 20 years’ experience in re/insurance. He joined XL Catlin in 2011 as Head of Property, Asia Pacific, based in Singapore, before being promoted to Head of Energy, Property & Construction, Asia Pacific, now based in Australia. During his career, he has worked across wholesale, retail and reinsurance, and has held senior leadership positions spanning multinational, domestic and delegated authority businesses.

QBE

QBE Australia and New Zealand have announced that Jon Fox has been permanently appointed as Executive General Manager of Claims after he’s been in the role in an interim capacity since September last year.

CEO Pat Regan congratulated Fox on the appointment and on the progress already made whilst acting in the role. “Delivering a claims service that is responsive, fair and efficient is critical for QBE to achieve its goals. “During his time as interim EGM of Claims, Jon has taken steps to improve our claims performance and is reinvigorating our claims management approach.

“With Jon’s strong guidance and encouragement, we’re seeing improvement in the way we manage, monitor and measure claims in order to provide the best possible service to our customers.

Fox has held senior claims roles at AMP General, GIO, Suncorp and then with Elders Insurance where he lead the formation of the Elders National Claims function.

He joined Elders Insurance in 2002 and was General Manager since 2011. Regan also announced that Andrew Corbett had been permanently appointed as General Manager of Elders Insurance, having been acting in the role for ten months.