The Bermuda-based Max Capital Group Ltd. announced the appointment of Adam Mullan as Chief Executive Officer of Max at Lloyd’s Ltd., the Lloyd’s managing agent for Syndicates 1400, 2525 and 2526.
The appointment is subject to the approval of the UK Financial Services Authority (FSA).
Chairman and CEO W. Marston (Marty) Becker expressed his pleasure that Mullan had accepted the new responsibility, noting that he “has been a driving force at Max throughout most of the company’s ten-year history, and has built a reputation for both effective management and impressive business production.”
Mullan has been with Max since 2000, most recently serving as Managing Director of Max Re Europe and Executive Vice President and Group Chief Underwriting Officer for Property and Specialty Reinsurance.
From 1997 to 2000, he was Director/Underwriting Manager of ACE European Markets Insurance Limited and ACE European Reinsurance Limited. Between 1992 and 1997, he served as Vice President of Marsh & McLennan Inc., and from 1987 to 1992 he was an Associate Director at Carpenter Bowring (London). Mullan received his Bachelor in Business Studies (Hons.) from Trinity College, The University of Dublin.
Max’s bulletin also noted that Matthew Petzold would continue as Underwriting Director, and Lance Gibbins, as Finance Director of the Lloyd’s operations. Iain Bremner, formerly Managing Director of Max at Lloyd’s, “will be leaving Max to pursue other career opportunities.”
Source: Max Capital Group – www.maxcapgroup.com
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