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Christopher Donelan has been promoted to lead Sompo International’s reinsurance business, replacing Stephen Young, who has resigned from the role. He will report to Christopher Gallagher, CEO of Sompo International’s commercial property and casualty unit. Donelan was involved in building out Axis Re’s reinsurance business in the 2000s before moving to Endurance in 2013, ahead of Sompo Group’s purchase of the carrier in 2016.
QBE has confirmed Dan Moore as permanent COO for North America after the executive took up the role on an interim basis in January. He will report to North America CEO Todd Jones. Moore joined QBE in 2013 as a senior vice president within claims. He previously worked in various operational roles at Fireman’s Fund.
Lockton Re has appointed former JLT Re chairman Ross Howard as global chairman. In his new role Howard will work alongside global CEO Tim Gardner, a former Guy Carpenter North America CEO, and former senior JLT colleague Keith Harrison, who is now CEO of Lockton Re International. Howard stood down from JLT last year following Marsh & McLennan’s takeover of the business.
Swiss Re has named UBS CEO Sergio Ermotti as successor to Walter Kielholz as chairman of the board, when the latter retires. Ermotti, who is due to step down from UBS in November, will join the Swiss Re board as a non-executive director later this year, subject to shareholder approval. In 2021 he will be nominated to succeed Kielholz, who has been chairman since 2009.
Allied World has announced that former global legal and strategy CEO Wes Dupont has been appointed group COO. Dupont, who has worked for Allied World for 17 years, will continue to oversee the carrier’s legal, compliance, claims, HR, internal audit and procurement functions, and will retain his seat on the executive board.
Lloyd’s CEO John Neal is to step into the role of interim performance management director (PMD) as Jon Hancock goes on gardening leave before joining AIG later in the spring, as CEO of the carrier’s international general insurance operations. While the search for Hancock’s successor is underway, Neal will oversee the tricky three-to-six-month period which kicks off 2021 business planning.
Watford Holdings CEO John Rathgeber stepped down as CEO on 31 March to make way for Jonathan Levy, who is being promoted from his current role as company president. Rathgeber will remain involved as a non-executive director and adviser at Watford. Levy joined Watford on its founding in 2014 as chief risk officer.
Axis Capital Holdings chairman Michael Butt will retire in September to be succeeded by current director Henry Smith. Butt, who was appointed Axis chair in September 2002, has held various senior roles including chairman of Sedgwick, CEO of Eagle Star Holdings, director of XL Capital and director of Farmers.
Michael van der Straaten
QIC Global has named Michael van der Straaten as leader in addition to his role as Qatar Re CEO. Van der Straaten became CEO of QIC Global (International) on 1 March, taking over from Sunil Talwar, who remains QIC Global chairman. Van der Straaten became CEO of Qatar Re in January 2019.