Krenboeck in at AXIS
AXIS Capital Holdings Limited announced that BRUNO KRENBOECK has joined AXIS Re as Marketing Director for Latin America. He most recently served as a Director at Swiss Re and has over 17 years experience in the international insurance industry with specific expertise in marketing and underwriting businesses in Latin America.
Related Coverage Target Markets Survey Shines Light on Programs Coverage (11/02/11) Lighter Headwinds Buffet Brokers in Third Quarter (11/03/11) Honoring Worker Safety and Injury Prevention (11/01/11) 12 Executives to Watch in 2012 (12/01/11) Consumed With Risk (12/01/11) In his new role at AXIS, Bruno will be based in the Company's Zurich office, which now replaces Bermuda as the center of Latin American operations for AXIS Re. AXIS Re's Caribbean operations will continue to be run from Bermuda.
"The appointment of Bruno Krenboeck demonstrates our commitment to the Latin American market. Through his industry stature and exceptional track record Bruno is well-suited to successfully lead our marketing activities in this important region. We are extremely pleased to have him in our organization," said Karl Mayr, Chairman of AXIS Re.
Ironshore Sure About Kostro
SUSAN KOSTRO has been appointed senior vice president of specialty casualty at Ironshore Inc.She will assume responsibility for building the Public Entities business in response to demand for complex risk protection from diverse public and government organizations and other non-profit institutions.
Ms. Kostro, who joined Ironshore in 2009, launched the Public Entities product line. Moving forward she will focus on expanding the business beyond the public sector to include religious institutions, higher education organizations and other non-for-profit entities. Based in Ironshore's Boston office, she has held various casualty underwriting and management positions with leading commercial insurance companies gaining proven expertise in Public Entity and Energy Product Lines.
Young in at Endurance
Endurance Specialty Holdings Ltd. announced that STEPHEN YOUNG has been appointed to lead Endurance's Global Catastrophe Reinsurance business. CHRISTOPHER SCHAPER, the current leader of this business, will be leaving Endurance for a senior executive position elsewhere in the insurance and reinsurance industry.
Mr. Young joined Endurance's Bermuda based reinsurance team in 2002 as an underwriter. In 2005 he assumed responsibility for Endurance's U.S. catastrophe reinsurance business and in 2010 his role was further expanded to include all property catastrophe underwriting in the Americas. In 2011, Mr. Young took on additional operational responsibilities for the property catastrophe reinsurance business.
Prior to joining Endurance, he was employed as an underwriter by Scandinavian Reinsurance in Bermuda. Mr. Young is a native Bermudian and attended schools in both Bermuda and the U.S. He graduated from Babson College with a Bachelor of Science degree in Finance.
"We are very pleased to have Stephen take on this new role within our organization. Stephen has been with Endurance for nine years and during that time he has demonstrated the technical skills and leadership qualities which will serve him well as he takes on this additional responsibility," said David Cash, chief executive officer of Endurance. "We are very fortunate to have an individual of Stephen's caliber on our team and I am confident that he will be successful in leading our global property catastrophe and specialty casualty reinsurance businesses."
Homesite Chooses McElwee
ANDREW A. McELWEE JR. has been appointed executive vice president and chief underwriting officer at Homesite Insurance Company. In this position he will be part of the executive management team at Homesite, and will be responsible for the underwriting profit of Homesite's personal lines portfolio.
Most recently, McElwee was the chief operating officer of Chubb Personal Insurance. Under Andy's leadership, CPI grew significantly, to about $4 billion, and consistently generated an underwriting profit. During his 25 years with Chubb, he also managed international field operations, and mergers and acquisitions.
"Andy's leadership and underwriting expertise will provide Homesite with increased capabilities as we continue to grow our business and our partnerships," said Doug Batting, Homesite's President and Chief Operating Officer. "I am confident that Andy's depth and breadth of personal lines and industry knowledge will provide Homesite with new capabilities that support our strategic business objectives going forward."
September 20, 2011
Copyright 2011© LRP Publications
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