People Moves: Insurer Aviva Names Montague, Cummings to Exec Committee; Wood to Launch Captive Operation for Price Forbes Bermuda; Wagstaff Is CEO of LMG

This edition of International People Moves details appointments at UK insurer Aviva, broker Price Forbes Bermuda and the London Market Group.

A summary of these new hires follows.

Aviva Strengthens Exec Committee with Chief Risk Officer Montague and CIO Cummings

UK insurer Aviva announced the promotion of Andrea Montague as chief risk officer.

Montague joined Aviva in April 2020 as group chief financial controller and has previously worked at Royal London and Standard Life in senior finance and audit leadership roles, including deputy group finance director and chief internal auditor

She and John Cummings, the current chief information officer, will both join Aviva’s Executive Committee, subject to regulatory approval. Both will report to Amanda Blanc, Group Chief Executive Officer.

Before becoming CIO for the group, Cummings was previously CIO for Aviva’s UK General Insurance business. His career in technology has included roles at Vodafone and BT.

His appointment to Aviva’s Executive Committee reflects the critical importance of technology and digital to Aviva’s transformation, said the company in a statement.

***

Price Forbes Bermuda Names Wood to Launch Captive Management Operation

Price Forbes & Partners (Bermuda) Ltd. announced the appointment of William Wood as senior vice president of its newly created Insurance Management unit.

Wood is a 27-year veteran of the Bermuda re/insurance marketplace having served in a variety of disciplines.

He joins after a brief term as director of Captives and Commercial Insurers at Artex Risk Solutions (Bermuda) Ltd., and before that he was CEO of Charles Taylor’s captives’ business for six years. Wood started his career in captive management before moving to the commercial re/insurance industry covering a number of roles in capital modelling, rating agency relationship management, accounting, underwriting and claims with XL Capital, Everest Re and Centre Solutions, before taking the position of treasurer and controller at Nissan Global Reinsurance Ltd.

Price Forbes, part of top 20 global broker and the UK’s largest independent broking platform, The Ardonagh Group, sees captive management as a natural fit to its reinsurance brokerage business as well as providing a platform for other business opportunities within the wider Ardonagh Group.

As part of this initiative, Price Forbes Bermuda was recently granted an insurance managers’ license by the Bermuda Monetary Authority.

Established in 1892, Price Forbes & Partners Ltd. is an independent global specialty insurance broker with offices in London, Brussels, Dubai, Hamilton, Labuan, Johannesburg, Stellenbosch, Santiago and Hong Kong (where it has a minority share). Price is part of The Ardonagh Group, the UK’s largest independent broking platform and a top 20 broker globally.

***

Wagstaff Named CEO of London Market Group

The board of the London Market Group (LMG) announced the appointment of Caroline Wagstaff as the LMG’s permanent chief executive officer. This follows a period of six months from April to September this year when Wagstaff assumed the role on a temporary basis.

Wagstaff has more than 25 years’ experience working in communications and marketing for the financial services sector. She most recently was a director for the London-based public relations firm Luther Pendragon, where she spent more than nine years. She founded Lucid Communication in 2005, which became part of Luther Pendragon in 2012. Prior to Lucid, Wagstaff was head of corporate communications at College Hill Associates.

She also she spent nearly five years as head of marketing and communications at Lloyd’s of London (Sep 1997 – May 2002), according to her LinkedIn profile.

“Caroline has done an excellent job since she joined the LMG in April. The board is delighted to be able to confirm that Caroline has agreed to change her title from ‘interim’ to ‘permanent’ as CEO, and this means that she will be now able to bring a longer-term view to bear, tackling big issues such as cultural change, climate change and technological change in the London market on behalf of our organisation and members,” commented Matthew Moore, chairman of the LMG.

The LMG brings together the specialist commercial re/insurance broking and underwriting communities in London. It is supported by the International Underwriting Association of London (IUA), Lloyd’s of London, the Lloyd’s Market Association (LMA) and the London & International Insurance Brokers’ Association (LIIBA).

Topics Carriers