To download the full Summer 2020 issue in PDF format, please click here.
AIG’s CEO of general insurance Peter Zaffino, who also serves as group president and COO, is to take over the management of the company’s life and retirement, IT and enterprise risk functions alongside his existing responsibilities. Life and retirement CEO Kevin Hogan, chief information officer John Repko and chief risk officer Alessa Quane will now report to Zaffino, rather than group CEO Brian Duperreault.
Talbot founder and chairman Rupert Atkin is set to become chairman of Ark’s managing agency on the retirement of the latter’s co-founder David Foreman at the end of the year. Atkin left Talbot last May, 28 years after founding the Lloyd’s business, and following the acquisition of its parent company Validus by AIG the year before.
Barnaby Rugge-Price has been appointed chair of Howden Broking Group while José Manuel González takes up his role as CEO of the unit. Rugge-Price was previously CEO of the group’s technology, data and analytics arm Hyperion X and, before that, CEO of RKH from 2005 to 2019. Hyperion X will now be led by Paul Johnston.
Axa’s deputy CEO Gérald Harlin is to retire at the end of September. The company initially announced his retirement last June, but delayed his planned departure in January so he could lead the group’s asset management division. Harlin will remain a member of the Axa Investment Managers board following his retirement, with Marco Morelli replacing him as executive chairman.
Pioneer Underwriters’ head of risk and compliance Russell Coward is to become CEO as the firm moves towards an advisory model following the sale of its four remaining portfolios to K2 Insurance Services. Coward joined Pioneer in May 2014 from Hiscox, where he was head of group compliance. Pioneer now plans to become a fee-for-service company advising start-up MGAs.
Former RenaissanceRe senior vice president (SVP) Aditya Dutt, who left the carrier in early July, has been appointed president of ILS firm Aeolus Capital Management. Dutt was formerly SVP of RenRe’s ILS and third-party capital unit Ventures, having led the division for 10 of his 12 years at RenRe. Prior to this, he worked at Morgan Stanley.
Randall & Quilter (R&Q) has announced that co-founder and executive chairman Ken Randall will retire at the end of March 2021, passing the leadership of the company to Pine Brook founder William Spiegel as part of an established succession plan. Randall co-founded R&Q with Alan Quilter in 1991 during the early development of the legacy market.
Capsicum Re has appointed co-founder Raja Balasuriya as chairman, succeeding fellow co-founder Grahame Chilton who is re-joining the wider Gallagher business as chairman of the global property and broking operation. Balasuriya was the first ever managing partner of Capsicum Re in 2014 and has led and grown the UK motor and liability division since its founding.
Aviva has named former Zurich EMEA CEO Amanda Blanc as successor to CEO Maurice Tulloch, who is stepping down for family health reasons. Blanc joined Aviva as an independent non-executive director last December, after abruptly leaving Zurich a year ago. Prior to Zurich, she worked at Axa, most recently as UK and Ireland CEO, and at Towergate as group deputy CEO.