Bermuda-based Armour Group Ltd. announced the appointment of John Parry as group chief financial officer. Parry will assume his new position in June and report directly to the group executive committee.
A seasoned senior financial services executive with extensive insurance industry experience, Parry most recently was CFO Lloyd’s of London, where he was responsible for the financial reporting of the market’s results and capital adequacy in addition to treasury and investment management. In this role, he also oversaw the tax affairs of the Society of Lloyd’s and the market in the UK and overseas. Prior to joining Lloyd’s in 2001, Parry was finance director of various Lloyd’s Managing Agents and is a qualified accountant.
“We are delighted that John has agreed to join Armour as Group CFO. He has impeccable financial services and regulatory credentials and will bring a wealth of experience and knowledge to our group. I am looking forward to working closely with him as we continue to execute our strategy successfully,” commented Brad Huntington, chairman, chief executive officer and co-founder of Armour.
Armour is a group of re/insurance and service companies that specialize in the creation and implementation of solutions and acquisitions within the run-off insurance marketplace. Armour is backed by Aquiline Capital Partners, a New York and London-based private equity firm investing in financial services and technology.
Source: Armour Group
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