This wrap-up of international People Moves details recent appointments at Oneglobal Broking, Africa Specialty Risks, AXA XL and SiriusPoint.
A summary of these new hires follows here.
Oneglobal Broking, the London based broker, announced the appointment of Nicolau Daudt as CEO, Latin America, with responsibility for all countries outside of Brazil.
Daudt will report directly to Oneglobal’s Group CEO Mike Reynolds.
Daudt most recently was deputy CEO of Marsh Brazil. Previously, he was CEO of JLT’s Brazilian insurance and reinsurance operation, which he grew from a start-up to a market-leading specialty re/insurance broker over a decade.
“As well as developing Oneglobal’s retail specialty presence in key Latin American markets, [Daudt] will also be working closely with our Miami team to strengthen our relationships with clients in the region,” commented Reynolds.
Oneglobal Broking is a specialist international broking company focused on the placement of open market and delegated authority business, across marine, aviation, property, casualty and specialty lines. The broker recently established operations in Hong Kong, Singapore and Bermuda. (Daudt’s location has not yet been decided, said a Oneglobal representative).
Owned by financial services private equity business JC Flowers, the business was founded in 2018 following the merger of the SSL and Endeavour insurance broking houses.
Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced the launch of its liability capacity, alongside the appointment of Martin Boreham as head of Liability Underwriting.
Boreham has over 30 years’ experience within the insurance industry and joins ASR after eight years at MS Amlin, where he was the product lead for International Casualty. Prior to this role, he was portfolio manager at QBE and London casualty business leader at GE Insurance Solutions. Boreham is a Fellow of the Chartered Insurance Institute and a Chartered Insurer.
The launch of the liability business line follows the launch in April of the group’s construction line and the appointment of James Cronje as head of Construction Underwriting. He joined the company from AXA XL, where he was construction underwriting manager UK and Ireland for more than two years.
ASR will specialize in offering liability solutions cover over liability, professional indemnity, directors and officers and financial lines. It offers tailored liability insurance throughout Africa across a wide range of industries. The liability division will write products proportionally or non-proportionally.
ASR was launched in September 2020 by Helios Investment Partners LLP, in partnership with Mikir Shah, former CEO of AXA Africa Specialty Risks, and Bryan Howett, former CEO of Old Mutual’s pan-African reinsurance operations. The group announced in February that it had secured an additional multi-year binder capacity of up to $25 million per risk through a partnership with GIC of India and annual capacity from Peak Re.
AXA XL announced it has appointed Anish Jadav as chief underwriting officer (CUO), Retail Property/Casualty (P/C), UK & Lloyd’s market, effective in July.
In his new role, Jadav will be responsible for developing and executing AXA XL’s retail P/C underwriting strategy and optimizing product offering and profitability. He will lead a team of underwriters in London and report to Luis Prato, chief underwriting officer, UK & Lloyd’s market.
Jadav will join AXA XL from Zurich Insurance Ireland, where he has held the position of chief underwriting officer since 2018, overseeing underwriting for the company’s general insurance business in Ireland. He had previously been chief underwriting officer for Zurich Insurance Singapore, Zurich’s Asian hub for commercial insurance. Prior to that, Jadav held several senior underwriting and actuarial roles in Zurich’s business in the United Kingdom. He is also a Fellow of the UK’s Institute and Faculty of Actuaries.
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that Larry Hallett has joined the company as senior vice president of Casualty Underwriting.
Reporting to Warren Trace, head of U.S. and Canada, Americas Reinsurance, Hallett will focus on casualty underwriting, including traditional and structured reinsurance, and on strategic initiatives involving casualty insurance. He will be based in the New York area.
With 40 years’ experience in the North American reinsurance and insurance markets, Hallett has vast experience in casualty treaty reinsurance, alternative risk management, captives, runoff and fronting arrangements. He joins the company from RFIB Americas where he oversaw business development and servicing intermediary operations for the North American operations of the brokerage.
Prior to RFIB, Hallett was managing director of 2 Wings Risk Services, where he was a reinsurance consultant and intermediary specializing in alternative risk entities. Hallett started his career at the Constitution Reinsurance Corporation in New York, before joining Western Atlantic Reinsurance Corp and subsequently, Swiss Re. In 2000 he assumed a leadership role at XL Financial Solutions in Stamford as senior managing director for the structured indemnity team.
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