Lloyd’s insurer Marketform Managing Agency Ltd announced that Interim CEO John O’Neill has been appointed CEO with immediate effect. Marketform’s Chairman John Mumford noted that the “board, together with its majority shareholders Great American, were greatly encouraged by O’Neill’s leadership and direction since he took on the interim role in January 2012.”
He added that, “although there is still much more work to be done, the Board is fully behind John and his team, with full confidence in their ability to deliver on the commitment to make Marketform a success both by generating returns to capital providers and shareholders, as well as creating a working environment of which we can all be proud.”
Michael Pierce, Chairman of Marketform Group Ltd and Senior Vice President of Great American Insurance Group, noted that O’Neill “has over 25 years experience in the London market, mostly involved with Lloyd’s businesses. Since the beginning of this year, he has proven that he is the right person to lead Marketform to achieve its future business goals.”
O’Neill is a Fellow of the Chartered Insurance Institute, was the Group Head of Claims for a large insurance group underwriter in the U.S. and at Lloyd’s. He joined Marketform from a leading legacy service provider where he held the position of Chief Operating Officer.
Marketform was founded in 1989. In December 2007 American Financial Group Inc. became its majority its shareholder, securing the company as a key UK and international specialist insurer underwriting a diverse range of commercial insurance. It operates in the Lloyd’s market, underwriting a number of different classes of business, including bloodstock & livestock, cargo, directors & officers, general liability, marine & energy liability, marine hull & war, medical malpractice, personal accident and health, political risks & trade credit, professional indemnity, specie, terrorism & political violence.