Executive changes went well beyond CEO turnover in 2015. M&A deals between P/C industry giants brought plenty of movement in the wake of the ACE/Chubb merger deal, for example, with ACE executives winning many of the major reassignments. The merger also created opportunities for outside execs seeking to grow in a new environment. At the new XL Catlin, the companies’ decision to merge led to a fair amount of executive shuffling. Turmoil at AIG and Zurich also helped foster plenty of higher-level departures, reassignments and new hires. Here, Carrier Management presents a partial list of some of the key executive changes in each situation.
ACE/CHUBBReassigned Executives
John Keogh, formerly ACE’s Vice Chairman and Chief Operating Officer, has been named Executive Vice Chairman and Chief Operating Officer of the new Chubb.
John Lupica is now Vice Chairman of the post-merger Chubb Group and President of North America Major Accounts and Specialty Insurance. Lupica was previously Vice Chairman of ACE Limited and ACE Group and Chairman of Insurance for North America.
Paul Krump is Executive Vice President of the new Chubb Group and President of North America Commercial and Personal lines, a position originally slated for Dino Robusto. He previously was Chief Operating Officer of The Chubb Corp.
Juan Andrade is Executive Vice President of the new Chubb Group and President of Overseas General Insurance. Before the acquisition, he was Executive Vice President of Personal Lines for ACE Group and Chief Operating Officer of ACE Overseas General.
Jacques Bonneau is Executive Vice President of Global Underwriting. Previously, he was Executive Vice President of Global Underwriting for ACE.
Frank Lattal is Senior Vice President and Chief Claims Officer. Prior to the acquisition, he was Chief Claims Officer and Senior Vice President for ACE.
New Hires
Tim Stapleton is Vice President and Cyber Insurance Product Manager for ACE Overseas General, which handle’s ACE’s general insurance business outside of North America. He joined ACE from Zurich General Insurance, where he most recently served as Global Underwriting Manager for Professional and Management Liability.
Departing Executives
Dino Robusto, former Executive Vice President of Chubb and President of Commercial and Specialty Lines, retired in November to become Chairman and CEO of CNA Financial Corp. after Thomas F. Motamed retires at the end of 2016. Robusto was originally slated to be President of North America Commercial and Personal Lines.
Andreas Graham, who had led ACE Group’s Energy Segment for Excess Casualty for the last 10 years, has moved to ProSight Specialty Insurance, where he is Niche President for Marine and Energy.
Jenny Soubra, formerly an Assistant Vice President for Professional Liability and Cyber at ACE Group, has been named a National Practice Leader for Allianz Global Corporate & Specialty’s new dedicated Cyber unit.
Maura Verrone, formerly National Underwriting Manager for Professional Risk at ACE Commercial Risk Services, left to join Berkshire Hathaway Specialty Insurance as Vice President and Head of Private & Not for Profit, Executive & Professional lines.
Reassigned Executives
Greg Hendrick, previously Chief Executive of Insurance Operations at XL Group, is now Chief Executive of Reinsurance.
Paul Brand, formerly Chief Underwriting Officer of Catlin, is Chief Underwriting Officer for Insurance and serves as Chair of the Insurance Leadership Team.
Kelly Lyles, previously XL’s head of Professional Lines, is now Chief Regional Officer, Insurance and Deputy Chair of the Insurance Leadership Team.
New Hires
Robert Peretti is XL Catlin’s Senior Vice President and Head of Broker and Client Management in the Americas. He previously served at AXIS Specialty (U.S.) Services as Senior Vice President and Head of Broker Relations and Distribution.
Brendan Plessis is the Head of Emerging Markets, a newly created position at XL Catlin. He joined from Guy Carpenter & Co. Singapore, where he was Managing Director and Head of Multinational and Retrocession Business.
Departing Executives
Joe Schrancz left XL Catlin to become Vice President and Head of Architects & Engineers Professional Liability at Berkshire Hathaway Specialty Insurance. He previously served as Assistant Director and Design Professional at Catlin Insurance.
Yann Marmonier, who was XL Catlin’s Singapore Country Manager, has joined Aspen Insurance Holdings as Principal Officer and Managing Director, leading the company’s Singapore business.
Paul Hackett, most recently with XL Catlin in Singapore, is now Head of Marine for Aspen’s Singapore office.
Reassigned Executives
Seraina Maag is Executive Vice President and Chief Executive Officer of Regional Management & Operations. She previously served as the Chief Executive Officer and President of AIG’s Europe, Middle East and Africa (EMEA) region.
Sid Sankaran, AIG’s Chief Risk Officer, will become Chief Financial Officer after the filing of AIG’s 2015 Form 10-K.
Alessa Quane, Chief Corporate Actuary, will also take on the role of Chief Risk Officer after the filing.
Robert S. Schimek is Executive Vice President and CEO of Commercial at AIG. He previously was Chief Executive Officer of the Americas, responsible for the division’s insurance business in the United States, Canada, Latin America and the Caribbean.
Brian T. Schreiber is Executive Vice President and Chief Strategy Officer and Head of Corporate Marketing and Communications. Previously, he was Deputy Chief Investment Officer, responsible for managing a $200 billion asset portfolio.
Madhu Tadikonda, Commercial Chief Underwriting Officer, was previously Senior Vice President in AIG’s science arm.
Tim Carter is President of Portfolio Solutions. He previously served as Commercial Chief Underwriting Officer.
Tracie Grella, now Global Head of Cyber, was previously Global Head of Professional Liability in 2011.
New Hires
Doug Dachille is Executive Vice President and Chief Investment Officer of AIG, overseeing the Science function. He previously served as CEO of First Principles Capital Management LLC, an investment management firm AIG acquired and now operates as a wholly owned subsidiary.
Departing Executives
David Herzog, Chief Financial Officer, will retire following the filing of the company’s Form 10-K.
John Doyle, Executive Vice President and Chief Executive Officer of Commercial Insurance, left the company in December.
Jose Hernandez, Senior Vice President and Chief Executive Officer of Asia Pacific.
Eric Martinez, Executive Vice President of Global Claims and Operations.
Frank Mike-Mayer, who was previously Head of Technical Underwriting at AIG Commercial, left the company to become Chief Underwriting Officer of Argo Group U.S.
![zurich_Logo_4c [Konvertiert]](/assets/Zurich-logo-300x179.jpg){kind=logo}
Reassigned Executives
Tom de Swaan, Chairman of the Board of Directors, became interim CEO when Martin Senn left after six years in the position. Generali CEO Mario Greco will take the helm full time, starting on May 1.
Kristof Terryn, who previously served as CEO of Global Life, became CEO of General Insurance in October.
Paul Horgan was appointed CEO of the Global Corporate in North America division. He was most recently Head of Group Reinsurance.
Cecilia Reyes, formerly Chief Investment Officer and Regional Chairman of Asia Pacific, is now Chief Risk Officer.
Urban Angehrn, who was Head of Alternative Investments, became Chief Investment Officer
New Hires
Don Pickens joined Zurich to become Chief Underwriting Officer for Global Corporate in North America division. He was most recently Senior Vice President and Chief Risk Officer of AIG’s Global Commercial business
Departing Executives
Axel P. Lehmann, Chief Risk Officer and Regional Chairman of Europe, Middle East and Africa, left the company to pursue new opportunities.
Will Fahey, formerly Senior Vice President at Zurich North America, moved to Berkshire Hathaway Specialty Insurance to become the company’s Senior Vice President and Head of Commercial Executive Lines.