This edition of International People Moves covers appointments at Amwins Global Risks, AXA XL and Randall & Quilter.
A summary of these new hires follows.
Amwins Global Risks Launches Underwriting Portfolio Management Team
Amwins Global Risks, the international arm of global specialty insurance broker Amwins and one of the largest independent wholesale brokers in London, announced the launch of its underwriting portfolio management unit.
John Andrews and Tom Wallace will lead the new team focused on aggregating and creating exclusive capacity across the organisation.
Andrews joins the team following an already distinguished career with Dale Underwriting, Arch Insurance Europe, Pioneer and AXIS.
Wallace joins from Adeptive LLP, an MGU start-up specialty insurance platform based in London. He previously held leadership and underwriting roles with WCNC Insurance Services and Tokio Marine Kiln.
“We are very excited to launch this unit within Worldwide Specialty. I have known John and Tom for a large part of my career and am confident that with their knowledge and experience we have the leadership in place to create and build out our internal Underwriting Portfolio Management team. John and Tom will collate business from across the entire group, accessing and obtaining exclusive capacity for our clients and coverholders,” commented Mark Cody, chief executive officer of Worldwide Specialty, a division of Amwins Global Risks.
“The role of a London broker must be to find solutions and be able to grow at the same rate as our clients,” said Cody. “Having a dedicated internal team with an underwriting background demonstrates a commitment to building out this offering.”
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AXA XL Promotes MacFarlane to Head of Climate in Newly Created Role
AXA XL announced the appointment of Andy MacFarlane as head of Climate. In this newly created role, MacFarlane will be responsible for developing a single, global climate strategy for AXA XL, ensuring the division’s climate-related efforts are aligned towards furthering AXA’s climate leadership position.
MacFarlane started his career at Equitas in London in 2001 before joining the Catlin Group in 2003. After holding various actuarial roles in London and Bermuda, he was promoted in 2018 to head of Pricing & Analytics for London & Bermuda for AXA XL Reinsurance.
MacFarlane has worked extensively on initiatives and research projects looking at creating resiliency to climate change throughout the world. A key focus has been the need to close the protection gap – the gap between economic and insured losses – particularly in developing economies where typically more than 90% of the risk is uninsured. The public sector is a key partner in helping to address the protection gap and MacFarlane also leads the Public Sector Practice group at AXA XL.
“AXA’s climate strategy demonstrates our clear commitment to climate and biodiversity and includes actions such as divesting from certain carbon-intensive industries alongside launching and chairing the Net-Zero Insurance Alliance (NZIA) to accelerate the transition to net-zero emissions economies,” said Scott Gunter, CEO of AXA XL.
“Andy’s expertise and knowledge of our business will allow us to further advance our understanding and response to climate change by ensuring we continue to understand how the climate is evolving and how this impacts our overall strategy. Andy is charged with embedding our climate strategy across AXA XL from underwriting to claims, to risk and operations ensuring that we meet our climate leadership ambitions,” he added.
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Randall & Quilter Appoints Pinkes as CEO for Legacy Insurance
Randall & Quilter Investment Holdings Ltd., the non-life global specialty insurance company that focuses on program management and legacy insurance businesses, announced the appointment of Andrew (Andy) Pinkes as global CEO of R&Q’s Legacy Insurance business.
The appointment follows the recent announcement of the launch of Gibson Re, a Bermuda-domiciled sidecar with $300 million of capital which will allow R&Q to support $2 billion of legacy insurance reserves.
Pinkes will report into William Spiegel, executive chairman, and will have the Legacy Insurance M&A and Operations teams reporting to him. He will join R&Q on Oct. 1, 2021.
Pinkes has over 30 years of experience in the insurance industry, with an extensive focus managing legacy and run-off portfolios. He has served as executive vice president, Worldwide P/C Claims and Property/Casualty Runoff for CNA, global head of Claims for XL Group, head of Claims and P/C run-off for the Hartford and also held senior executive legal and claims roles at Travelers.
He is a board director and adviser for a number of insurance, insurance related and technology businesses. Pinkes has been a senior adviser to the insurance practice of McKinsey & Co. and a member of the board of advisers for the RAND Institute for Civil Justice.
“I’m delighted to announce Andy’s appointment as our new global CEO of Legacy Insurance. In addition to proven expertise in managing legacy insurance books, Andy also brings strong experience using data and analytics to improve the management of claims, which is an important pillar of our strategy for R&Q,” commented Spiegel.
“We recently announced the milestone launch of Gibson Re, which will support our ambitions to build further scale in legacy insurance while transitioning it into a recurring fee-based business,” he added.
Topics Underwriting AXA XL
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