MARK BOLAND has been appointed to lead Endurance's U.S. wholesale primary casualty insurance operations. Boland joined Endurance in 2007 and successfully built a property and casualty portfolio focused on hard to place small to mid-size complex risks, working through a network of surplus lines agents. Boland has 30 years of experience in commercial lines underwriting and, more recently, in senior management roles. He will be located in New York.
Prior to joining Endurance, Boland served as President of Coventry Managers, a commercial property and casualty carrier. From 1996 through 2005, he was President and CEO of Hermitage Insurance Company, a commercial lines subsidiary of Tower Group, Inc. Mr. Boland's prior experience includes several underwriting positions.
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) Glenn Yanoff, President and Head of U.S. Insurance Wholesale Operations, commented, "Broadening our primary casualty book through new producer relationships and broader geographic coverage is a priority as we strive to build Endurance's presence in the U.S. wholesale market."
Steven Dresner, Head of Endurance's Specialty Operations for U.S. Wholesale Insurance said, "Based on Mark's wealth of experience and his success over the last few years at Endurance, I am confident that under his guidance our expanded primary casualty team will make a significant mark in this space despite the challenging environment."
Zurich announced today the appointment of MARK SHERIDAN as Chief Operations Officer Global Life. In this role, Sheridan will develop and execute the Global Life Operations and IT strategy, managing all aspects of operational delivery.
Since 2008, Mr. Sheridan has been the Group IT Key Account Executive to Global Life, ensuring the delivery of the IT elements of the Global Life strategy. He spent many years in the U.K. leading several IT platform integration projects across the Eagle Star, Allied Dunbar and Zurich IT portfolio. Sheridan joined Eagle Star as an IT developer in 1984.
JAY LEFKOWITZ has been named to the newly created position as head of U.S. Risk Management North America Primary Casualty group at XL Group. Lefkowitz is based in New York and will direct the group's U.S. Risk Management team which provides auto liability, general liability and workers' compensation coverage to US-based businesses.
Lefkowitz joins XL from ACE Risk Management where he most recently served as President of National Accounts, managing all aspects of underwriting, claims, audits and adjustment, staffing, account retention and production. Prior to joining ACE in 1999, he was Vice President of AIG's Risk Management group where he formed the company's M&A group which was a multi-line insurance products group catering to Private Equity firms and their portfolio companies. His 20-plus-year insurance career also includes underwriting positions with CNA, Atlantic Mutual and Home Insurance Company.
Ken Riegler, the recently appointed President of XL's North America Primary Casualty group said, "XL continues to attract and retain some of our industry's most experienced professionals. With a seasoned team and leaders like Jay, we're well equipped with a superior level of knowledge and underwriting skill to deliver quality coverage and services to our diverse client base. Together we all look forward to building on an impressive reputation and book of business."
Ironshore Inc. announced that JOSEPH L. BOREN has been appointed Executive Vice President of Ironshore Insurance Holdings, LLC and will be President of U.S. Field Operations. JOHN O'BRIEN currently President of Ironshore Environmental, has been named as that unit's Chief Executive Officer, assuming responsibility from Boren, who held that position for three years.
Boren will be responsible for the U.S. distribution strategies for Ironshore's U.S. domestic businesses. He also will continue to manage Ironshore's Marketing, Strategic Broker Relations, Specialized Risk Solutions, and Mergers & Acquisitions Insurance transactions for Ironshore and remain Chairman of Ironshore Environmental.
"Ironshore's U.S. Field Operations have demonstrated healthy, sustainable growth over the past year, with Regional Executives responsible for the diverse distribution of Ironshore products through various channels across all business lines," said Kevin H. Kelley, Chief Executive Officer of Ironshore. "Joe's leadership within Ironshore is steadfast and his institutional knowledge of our strategic vision make him the best executive to create greater efficiencies throughout our U.S. operations structure that is now firmly in place."
Mr. Boren has been a long time insurance industry leader within the environmental sector. Along with Mr. O'Brien, he launched Ironshore Environmental in 2009, which is recognized for developing innovative insurance products to meet changing industry demand for managing the financial impact of environmental incidents and liabilities. Prior to joining Ironshore, they built the largest environmental insurance company at AIG Environmental.
Mr. Boren noted, "John has been instrumental in building out both Ironshore Environmental as well as AIG Environmental and his vision for this industry is unmatched."
January 10, 2012
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