November insurance transitions

November has started with some important transitions in the top management of insurance businesses in Australia.

CFC appoints top manager to build new team – 15 Nov

Specialist lines underwriting agency, CFC Underwriting, has appointed Neil Beaton to build a new team focused on developing a suite of products for financial institutions.

Prior to joining CFC, Neil was Head of Financial Lines at Newline Group. He brings extensive experience of underwriting all types of financial institutions across a range of jurisdictions including the UK, Europe, the US, Asia Pacific and Australasia.

CFC Chief Underwriting Officer, Andrew Holmes, said: “The look and feel of financial institutions is changing as they utilise more and more technology in their core operations. This evolution presents financial institutions with a new range of exposures which we believe the insurance market is not adequately addressing, whether that is a product designed for the new breed of Fintech companies or a crime proposition which properly caters for the way crime against financial institutions is committed in 2017. With CFC’s expertise in cyber and technology allied to Neil’s extensive experience of insuring financial institutions, we believe there is an exciting opportunity to bring a modern and relevant product set to this market.

“Neil is regarded in the London Market as a highly experienced financial institutions underwriter with a track record of sourcing and writing profitable business. I am delighted that we have attracted someone of his stature and skill set to create a suite of modern, market-leading products that will challenge the status quo of the financial institutions market.”

Chubb refines its distribution leadership structure in Australia – Nov 13

Chubb has made major changes to the leadership structure of its Australian branch distribution network. Scott Simpson has been promoted to Head of State Distribution to enhance consistency in implementing Chubb’s distribution strategy. He will be responsible for providing leadership and strategic guidance to the National Underwriting Centre, Independent Broker Unit (IBU) and Global Broker Unit (GBU) underwriting teams across Australia.

Reporting to Scott, are 5 State Distribution Managers who will provide guidance to Chubb’s existing IBU and GBU team structures in each branch:

•Dean O’Halloran, State Distribution Manager – Victoria
•Jon Longmore, State Distribution Manager – New South Wales
•Monica Holland, State Distribution Manager – South Australia
•Pat O’Neill, State Distribution Manager – Queensland
•Steve de Gruchy, State Distribution Manager – Western Australia

Jason Hawksworth will continue to lead the IBU across Australia as Head of Independent Broker Unit and Perry O’Leary will take on the equivalent role for the GBU as Head of Global Broker Unit. They will take responsibility for Chubb’s strategy within each broker channel and the management of the respective strategic carrier agreements.

In addition, Paul Martin has been appointed to the newly created role of Head of Business Analytics, Australia and New Zealand. John French, Chubb Country President for Australia and New Zealand, said: “This updated distribution management structure across our branch network will foster collaboration and effectiveness. Our managers are true Chubb craftsmen, bringing extensive experience to and specialist knowledge in their roles. They are focused on partnering with brokers to offer our extensive product suite, risk appetite and expertise to the full range of Australian businesses.”

XL Catlin appoints Global Program & Captive Regional Director for Asia – 14 Nov

Shiwei Jin has been appointed Global Program & Captive Regional Director, Asia at XL Catlin. In this new role, Jin has relocated to Hong Kong from London and will be responsible for driving Global Program and Captive business as well as developing strong relationships with XL Catlin’s broker partners and clients across Asia.

Philippe Gouraud, Head of Strategic Client and Broker Management, said: “Providing insurance and risk management solutions for large complex risks is what we are known for. Asia, in particular, is a growing market for the provision of global insurance programmes and clients’ needs there are changing. The latest edition of the Fortune Global 500 list shows 40 per cent of Fortune 500 companies are based in Asia.”

Craig Langham, Chief Executive, Asia Pacific for XL Catlin’s insurance business, added: “We made the strategic decision to strengthen our team in Asia because we recognize our clients’ needs are increasingly complex and global. Shiwei’s significant global program experience and knowledge of the risk and insurance landscape in Asia ideally positions her to work with our underwriters to drive the network performance and deliver outstanding service to our clients across Asia.”

Jin has over 10 years’ experience in the insurance industry and has a proven track record in working with clients to provide bespoke international solutions and excellent service. She joined XL Catlin in 2007 in China as a Regional Research Manager for Asia and was part of the team which established XL Catlin’s operations in Shanghai. She then moved to London in 2013 to join the Global Program team, where she held roles of increasing responsibility. Shiwei holds a master degree in International Relations.

NTI National Manager retires – 13 Nov

Leading transport underwriter, NTI’s National Manager of Industry and Government Relations, Owen Driscoll bids farewell after a successful 43-years.

Driscoll established NTI’s Roadteam network and founded the National Truck Accident Research Centre in 2002. Being a contributor to driving this change is one of the things he is most proud of.
“The research centre was an evolution of a feeling that we were underutilising the accident information and the corresponding statistics available to us,” said Driscoll. “Ultimately we realised that you can’t fix a problem if you don’t know where it starts.”

His lengthy career is also endorsed by numerous accolades, including the Don Watson Memorial Award in 2006 for outstanding commitment to road safety and the road transport industry, as well as recognition in 2015 by the Australian Road Transport Hall of Fame as an industry icon for commitment to road safety through road accident research.

Brooklyn Underwriting director steps down – 10 Nov

Brooklyn Underwriting is looking for a new company head after its director stepped down late last week. The leading agency contacted its clients and stakeholder by email Nov 10 to confirm the resignation of David Proteous.

“During his time heading the Brooklyn team, David has guided the business and developed it into a multi-award winning and nationally recognised underwriting agency,” wrote Craig Langham, chief executive of XL Catlin’s Asia Pacific operations in the email. Sydney-based Porteous was recognised for facilitating XL Catlin’s acquisition of the company just last year.

Langham also confirmed the company is “considering the management structure” and promised to update clients as soon as reasonably possible. “Rest assured, David will be staying on in his role for a period to ensure smooth transition,” he added.

Strategic transitions at JLT – 2 Nov

Nick Harris, currently Deputy CEO & CEO Specialty, will become the CEO of JLT Australia & New Zealand from 1 January 2018, taking over from Leo Demer.Demer will continue in JLT as a Senior Adviser to Group CEO, Dominic Burke, as well as assuming the role of Executive Chairman of Public Sector.Supporting the change in leadership, Dominic Burke, CEO, JLT Group, said: “Leo Demer joined JLT Australia in 1985 and has played a pivotal role in building our Australian and New Zealand business into one of the most significant parts of the JLT Group. I would like to thank Leo for his enormous contribution as CEO of our operations in Australia and New Zealand. Nick Harris has played a key role in many of the developments that have fostered the success of the business during the past seven years, and I would like to wish him every success in his new position as CEO of one of JLT’s most important and successful businesses.’’Demer expressed confidence in Harris and said: “Nick Harris has repeatedly proven himself to be an outstanding leader over the past seven years with JLT Australia & New Zealand.”

He continued, “Five years ago, JLT wasn’t recognised as a ‘real player’ in Australia’s corporate broking landscape. Today, I am proud to say that with dedication, unmatchable industry knowledge, and the best people in the industry; JLT has become one of the leading specialty brokers in Australia, representing 13 of the top 50 companies on the Australian Stock Exchange.”

Speaking about his new role, Harris, said: “I’m honoured to be leading a strong and thriving enterprise with a laser, client-first focus. I look forward to working closely with our clients and the community to successfully meet their needs and expectations. Our aim continues to be on enhancing our core broker proposition through industry-leading innovative solutions which focus on superior client outcomes and bespoke offerings.”

Stephen Penfold, the current Executive Chairman, Public Sector will retire on 5 January 2018, and is looking forward to travelling and spending more time with his family. “Stephen indicated his intention to retire from the industry earlier this year, having served JLT for over 23 years. He has been instrumental in driving the continued growth of the Public Sector business and its reputation for service and innovation in supporting local government communities across Australia,” said Demer.

ICA Board appoints new President – 2 Nov

The Board of the Insurance Council of Australia (ICA) has appointed Richard Enthoven as President of the Insurance Council and Chairman of the Board.

The two-year appointment of Mr Enthoven, Chief Executive Officer, The Hollard Insurance Company, was made during a Board meeting held in Sydney. He was previously Deputy President, and served as Acting President last month following the departure of Anthony Day from Suncorp.Gary Dransfield, Chief Executive Officer Insurance, Suncorp, has joined the Board and has been appointed Deputy President of the Insurance Council.

ICA CEO Rob Whelan said Enthoven’s stewardship of the ICA came at a pivotal time for the general insurance industry, “Richard is a personable and highly respected business leader. His perspective on how the insurance industry should respond to the challenges posed by the rapidly changing social, economic and political landscape will be invaluable.”

“On behalf of the Board and the industry I thank Anthony Day for his contribution to the ICA Board during a testing year.”

Enthoven said: “I am honoured to accept the role of ICA President and Chairman during a very exciting time of both opportunity and challenge within our industry. The ICA has a proud tradition of ethically and expertly promoting its members’ roles in providing insurance protection and security to the community. I’m passionate in seeing this role continue in consultation with key stakeholders.”