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SCOR overhauls group executive committee

Former group chief risk officer Frieder Knüpling will now become CEO of SCOR Global Life. He succeeds Paolo De Martin, who is pursuing “a new direction” in his career. Joining the group executive committee as new group chief risk officer is Fabian Uffer, who previously served as group head of risk modelling.

Romain Launay, meanwhile, has been appointed as deputy CEO of SCOR Global P&C (property and casualty), as well as chief executive of specialty insurance. Prior to the reshuffle, he was the reinsurer’s group chief operating officer.

Additionally, group executive committee members François de Varenne and Claire Le Gall-Robinson will have their respective remit widened. Aside from his role as SCOR Global Investments CEO, de Varenne will be overseeing a broader area of leadership spanning investments, technology, budget, group project office, and group corporate finance.

As for Le Gall-Robinson, the group general secretary has been named SCOR’s group chief sustainability officer. She will have the added responsibility of looking after human resources, communications, and hub operations.

Ian Kelly, Jean-Paul Conoscente, and Brona Magee are retaining their current posts as group chief financial officer, SCOR Global P&C CEO, and SCOR Global Life deputy chief, respectively.

Rousseau commented: “The breadth of global experience, the diverse backgrounds, the strong expertise, the knowledge of the industry, and the leadership qualities of the members of this renewed group executive committee give me a high degree of confidence in our ability to successfully pursue SCOR’s development.

“These internal promotions bear witness to the depth of SCOR’s talent pool and the strong competencies of our rising leaders. I am confident that this new organisation will ensure managerial continuity while reflecting the strategic importance of transformation and sustainability for the group. We are mobilised to accelerate the company’s profound transformation provided for in the ‘Quantum Leap’ strategic plan and accelerate long-term value creation for all our stakeholders.”

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Canopius Group names incoming finance chief

Canopius Group names incoming finance chief

Global specialty (re)insurer Canopius Group – which has underwriting operations in the UK, the US, Australia, Bermuda, China, and Singapore – will be welcoming 2022 with a new group chief financial officer in the form of Gavin Phillips.

The incoming CFO is taking on the post in January, succeeding Nigel Meyer who will step back in March next year. Phillips will join from PwC, where he worked for nearly three decades.

Credentials of the new finance chief span both the UK and the US, and include time spent at Lloyd’s and (while on secondment from PwC) Prudential Plc.

“It gives me great pleasure to welcome someone of Gavin’s calibre to Canopius,” said deputy chief executive Neil Robertson. “Gavin stood out among a strong pool of candidates because he exhibited such a fervent passion and enthusiasm for Canopius’ vision and strategic direction.

“Gavin is a proven leader of finance functions, but he is also a natural culture carrier and someone who will undoubtedly have a broad and significant influence across all areas of our company.”

Meanwhile Robertson also thanked Meyer for his “many outstanding contributions” which have been instrumental in the company’s development.

“On behalf of all at Canopius, I wish him all the very best in his future endeavours,” stated the deputy CEO.  

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Aviva-Darwin alliance to join autonomous vehicle trial

Aviva-Darwin alliance to join autonomous vehicle trial

Aviva and Darwin Innovation Group have registered a passenger shuttle for use in autonomous vehicle trials.

The shuttle, created by Navya, will be used to demonstrate the potential of self-driving cars and gather information about their operation, Aviva said in a statement. The insurer will use data from these trials to improve its current motor insurance offering, as it seeks to provide comprehensive cover for autonomous vehicles and associated technologies once they begin to operate on British roads.

The shuttle was introduced Thursday at a public event held outside Aviva’s head office in London. While the shuttle was not in operation at the event, it gave the public a chance to view the vehicle and learn about the programme.

“It’s exciting to bring this autonomous vehicle to our London headquarters so that people can witness the future of mobility in the making,” said Nick Amin, chief operating officer of Aviva. “There is no better place to unveil the vehicle than at Aviva with its long heritage in motor insurance, dating back to the very earliest vehicles. This is a great example of Aviva serving as an enabler – in this case, for important advancements in mobility – by providing insurance for the shuttle to be used on the UK’s roads.”

Darwin, which signed a five-year partnership with Aviva in June, began conducting activities involving self-driving technology around two years ago. Its work with connected and autonomous vehicle (CAVs) is supported by the UK Space Agency and the European Space Agency.

Darwin is also working with O2 at Harwell Science and Innovation Campus to run the O2-Darwin SatCom Lab, where various organisations can test and refine self-driving technology.

“We are delighted to have registered this purpose-built connected autonomous shuttle for use on publicly accessible roads at Harwell Science and Innovation Campus in Oxfordshire,” said Sophia Ward, Darwin’s operations manager. “This is a significant regulatory milestone on the road to making CAV mobility a reality, and an exciting step on our innovative journey to realising the potential of ubiquitous communications. … We now look forward to announcing future trials involving this exciting new technology soon.”

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MS Amlin Insurance appoints chief financial officer

MS Amlin Insurance appoints chief financial officer

MS Amlin Insurance SE (MS AISE) has appointed Frédéric Fischer as chief financial officer, and pending regulatory approval.

Fischer joined MS Amlin’s European primary insurance arm from AXA, where he was most recently CFO of AXA Corporate Solutions. Across his 25-year career at AXA, he held a variety of senior financial roles across the P&C division, having gained significant experience in financial controlling, tax and accounting, reinsurance and legal and compliance operations. Fischer is also a qualified actuary.

Outgoing CFO Reijer Groenveld, who will pursue other opportunities outside of the company, will remain until October and work closely with Fischer during the transition period.

“I am delighted to announce Frédéric’s appointment to this important role,” said Ludovic Senecaut, CEO of MS AISE. “With his extensive experience in senior roles within the insurance industry, and strong financial, accounting and actuarial background, I am confident that he will be an invaluable addition to the leadership team as we continue to focus on executing our business strategy and ambitious goals. I look forward to welcoming him to MS AISE. I would also like to thank Reijer for his longstanding commitment and significant contributions to the business over the past 10 years. We wish him all the best in his future endeavours.”

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Howden names managing director for large corporate business

Howden names managing director for large corporate business

Howden has appointed Adam Reed as managing director, corporate client relations, in a move that sees the international broker build out its global proposition for major corporate clients.

Reed will join Howden once he completes his contractual obligations with Willis Towers Watson, where he was most recently global client relationship director. Reed, who had previously worked at Marsh and Aon, has over 25 years of experience managing large, complex, global client relationships. He will become part of Howden UK’s leadership team as a member of its executive committee.

According to Howden, Reed will focus on building new and developing existing relationships with large corporate clients, drawing from the company’s specialist expertise and global broking network.

“Multinational clients increasingly recognise that they don’t have to go for the same two or three brokers – they have choice, and they are choosing us,” said Chris Evans, deputy CEO of Howden in the UK. “So I’m delighted that Adam, too, has chosen Howden. His experience will be invaluable in helping us really make our mark by bringing a fresh, differentiated approach to the large and complex account space.”

“Through our commitment to entrepreneurship, we have built a company that attracts the best talent worldwide and trusts its people to develop solutions that are shaped around what’s best for their clients,” said José Manuel González, group CEO of Howden Broking. “It’s a fantastic time for Adam to join; we’re already proving our value to many multinationals and look forward to further reinforcing our position as the independent alternative.”

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Bank of England takes down paintings of governors with slavery links

“The review is now complete, and artworks depicting former governors and directors, where we have been able to establish links to the slave trade, have been removed from display,” a spokesperson for the Bank of England said. “We have also appointed a researcher to work in our museum to explore the bank’s historic links with the transatlantic slave trade in detail. This work will inform future museum displays interpreting these connections.”

The moves come as racial relations are being examined in the wake of the 2020 Black Lives Matter protests, which were sparked in the US by the death of George Floyd due to police brutality.

The art pieces taken down depicted the BoE’s founding director and a governor Gilbert Heathcote, as well as James Bateman, Robert Bristow, Robert Clayton, William Dawsonne, William Manning and John Pearse. These were displayed at the BoE’s headquarters and its museum.

Upon launching the review in July 2020, BoE said that, while it was never directly involved in the slave trade, it was aware that some of its former officials had “inexcusable connections” to slavery, and apologised for them.

In February, Lloyd’s of London looked to hire an archivist that would research artefacts related to slavery in Africa and the Caribbean.

Meanwhile, the City of London, where both Lloyd’s and BoE are located, is reviewing what actions to take regarding the statue of William Beckford in its ancient Guildhall home.

Beckford, who was elected Lord Mayor of London twice in the 18th century, owned plantations in Jamaica, populated with a large number of slaves.

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Aon names new regional leaders for reinsurance unit

Jeremy Goodman, meanwhile, will serve as the unit’s president for APAC. Nick Frankland, who earlier this week was tapped to chair the insurance consulting group, is also taking on the role of UK president. For EMEA, co-CEO Alan Gregory is moving on to serve as the region’s chairman.

David Sloan, who is retiring as CEO and chair of Canada and the Caribbean at the end of the year, will remain for another 18 months as an advisor. As part of the transition, Wolfe and Bonifacio will assume their new roles come 2022.

Also effective in the New Year is Moore’s appointment. In addition to the UK CEO post, he will also act as executive sponsor for Japanese clients globally.

Meanwhile, retaining their current positions are US reinsurance solutions chief executive George deMenocal, Latin America CEO Pablo Muñoz, LatAm president Paula Ferreira, and facultative reinsurance chief Andrew Laing.

“Our reinsurance capabilities have been built on the strong foundations of local knowledge and market connections, underpinned by a global focus to ensure we are sharing best practices and helping to drive growth for insurers in each region we serve,” said Tim Ronda.

The newly appointed reinsurance solutions global geographic leader added: “Whether enhancing their property catastrophe programmes or navigating new forms of volatility around casualty, climate, and cyber, our new solutions for insurers will reach every corner of the globe, with the benefit of regional expertise.

“This new team of regional leaders will benefit from the prior leadership, and the firm’s very deep existing and diverse talent base, as we continue to bring together proven talent from across the firm to support our clients’ needs.”                       

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Argo Group to unload contract binding P&C renewal rights

Argo Group to unload contract binding P&C renewal rights

Argo Group International Holdings, an underwriter of specialty insurance, has announced an agreement to sell the renewal rights of its contract binding property and casualty business to Mesa Underwriters Specialty Insurance Company (MUSIC), the excess and surplus lines subsidiary of Selective Insurance Group. The terms of the transaction were not disclosed.

“This transaction supports the company’s strategy to simplify the business,” said Marsh Duncan, president of excess and surplus for Argo Group. “We are pleased to have reached an agreement that provides a smooth transition for our brokers and insureds.”

As part of the transaction, the Argo contract binding team will have the option to join MUSIC. Argo Group will continue to honour and service all policies currently in force.

“Expanding our contract binding book of business is a natural evolution of our growth strategy, further ensuring MUSIC’s continued success,” said Jeff Kamrowski, executive vice president of MUSIC. “We are dedicated to our specialty insurance customers and are excited for the opportunity to offer customised insurance solutions, stellar customer service, and superior claims handling to new contract binding accounts at renewal. This opportunity and trust that Argo places in MUSIC underscores our strong reputation and solid performance in the marketplace.”

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BHSI brings in new country manager

BHSI brings in new country manager

Constanza Gállegos (pictured) has joined the Europe leadership roster of Berkshire Hathaway Specialty Insurance (BHSI) in her new capacity as the insurer’s country manager in Spain.  

Based in the Madrid office, the key hire brings nearly 24 years of European insurance industry experience. She most recently served as QBE’s head of distribution for Europe. Gállegos was with the Sydney-headquartered insurance group for 14 years.

Commenting on the country manager’s arrival, BHSI Europe head Chris Colahan said: “BHSI has been expanding rapidly, bringing consistency and stability to customers across Europe.

“With her extensive industry experience and relationships, Constanza will play a pivotal role in accelerating our growth in Spain, and we are excited to welcome her to our team.”

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Specialist insurer Bikmo teams up with cyclists’ group Love to Ride

Through participating in Love to Ride’s campaign, users accumulate points in order to win prizes. As part of the partnership, Bikmo will offer several prizes, including Sold Secure gold-rated Hiplok bike locks, as well as a £200 Freewheel voucher to spend in a local bike shop. Members of Love to Ride can also take advantage of discounts on Bikmo cycle insurance.

Bikmo employees will also join Love to Ride’s Cycle September challenge, where individuals and workplaces compete nationally and worldwide to earn the most points by riding their bikes and encouraging others to join them.

Bikmo will also provide Love to Ride members with educational resources and essential tips, such as how to lock up their bike correctly.

‘’Our team is made up of enthusiastic riders, from every discipline you can think of,” said David George, CEO of Bikmo. “In addition to offering Love to Ride members with prizes for their challenges and exclusive savings on our insurance policies, we’ll be bringing our expertise on key subjects for keeping your bike safe.”

The campaign comes ahead of the 26th UN Climate Change Conference that will be held in November. Road transport has been identified as one of the top sources of greenhouse gas emissions, and Love to Ride committed to converting more car journeys to bike trips in a bid to reduce emissions globally. The organization also supported people to save an estimated 3.5 million kilogrammes of carbon by riding for transportation, or roughly the same impact of 162,701 trees in a year.

“’We’re looking forward to partnering with Bikmo to get more people enjoying all the benefits of riding a bike,” said Sam Robinson, director of Love to Ride. “We think our UK riders will greatly benefit from discounted access to their insurance and educational resources to keep their bikes safer.”

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