Allied World CEO Carmilani Moves to New Role at Fairfax; Iglesias Named His Successor

July 18, 2019

Scott Carmilani, the founder and CEO of Allied World, has moved to a new role Fairfax Insurance Group, which aims to promote organic growth and collaboration initiatives across the company’s global insurance and reinsurance operations.

Carmilani is being succeeded as CEO by Allied World’s president, Lou Iglesias.

In his new role at Fairfax, Carmilani will build on his network of contacts and broker and customer relationships in order to foster new growth initiatives, such as Fairfax Worldwide, and new collaboration initiatives with the company’s insurance and reinsurance leaders around the globe.

He will work closely in this capacity with Andy Barnard, president of Fairfax Insurance Group, and Paul Rivett, president of parent company, Fairfax Financial Holdings.

Starting with a very small Bermuda operation 20 years ago, Carmilani built Allied World into a global insurance and reinsurance operation, which was purchased by Fairfax Financial in 2017.

Fairfax said the transition will be a smooth one because Iglesias worked under Carmilani for more than seven years. As Allied World’s CEO, Iglesias will report to Andy Barnard.

Source: Fairfax Financial Holdings Ltd.

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