Hardy (Underwriting Agencies) Limited (Hardy) announced the appointment of David Brosnan as its chief executive on Wednesday.
He replaces Barbara Merry as chief executive.
Brosnan has also been appointed to serve on the Hardy board of directors. These appointments are effective immediately and have been approved by the Prudential Regulation Authority (PRA) and are subject to approval by Lloyd’s of London.
Commenting on Brosnan’s appointment in a media statement, Tom Motamed, chairman of the Hardy Board of Directors and chairman and chief executive officer of CNA Financial Corporation said: “Dave’s experience uniquely qualifies him to lead Hardy in the execution of its critical role in broadening the CNA strategy to expand our geographic and product reach.”
Motamed also expressed his thanks to Merry, highlighting her 12 years of service to Hardy’s board and management team. “I commend her outstanding leadership, including her role in the effective transition of Hardy to a wholly owned, indirect subsidiary of CNA,” Motamed said.
As chief executive of Hardy and as a non-executive director of the CNA Insurance Company Limited (CICL) board, Brosnan will be based in London. He will work closely with John Hennessy, chief executive of CICL, to develop strategies that will align enterprise-wide capabilities and strengthen international offerings to customers.
Brosnan, a 27-year veteran of the industry, joined CNA in May 2013 as senior vice president of International. His responsibilities included leading an underwriting team in the strengthening of CNA’s Home Foreign business, and an expansion of its international capabilities.
Previous to CNA, he was with ACE Canada, most notably serving as president and CEO of ACE INA and ACE INA Life Insurance Companies. Prior to that, he served as president of ACE Casualty Risk and held various underwriting positions, including European Zone underwriting officer with Chubb in London.
CNA acquired Hardy in 2012.
Sources: Hardy Underwriting, CNA