Minova Insurance Holdings announced two executive appointments late last week: Steve Korducki at BMS Intermediaries and Gary Dubois joining to lead an underwriting unit.
BMS is the U.S.-based reinsurance arm of Minova where Korducki has signed on as executive vice president. In the role, he will reportedly focus on developing BMS’ Florida initiative, as well as expanding nontraditional catastrophe coverage solutions for BMS clients and prospects.
Korducki is currently a director of AAO Insurance Company, RRG, and Coastal American Insurance Holdings, Inc., and is the Principal and Owner of Risk Partners, LLC, a strategic consulting firm. His experience includes leading the underwriting turnaround of a Florida-based property insurer and building a startup multi-state residential property insurance company writing catastrophe exposed business.
He has also held executive roles with Guy Carpenter, E.W. Blanch Company (where he started Blanch Capital Markets), Booke & Company, and Ernst & Young, LLC.
At BMS, Korducki is reporting to BMS Chief Executive Officer Andrew Bustillo. He will also join the Group’s U.S. Executive Committee and be located in Tampa, Fla.
As for Dubois, he will be leading a new unit of Minova’s Pioneer Underwriters to be known as Pioneer Special Risk of NY (PSR of NY). Dubois, whose title will be president, is joined by Steve Sitterly as Chief Operating Officer and Product Line Executives, Scott Misson and Brian Hickey.
PSR of NY will focus initially on the areas of management liability and professional liability, underwriting a combination of International D&O, professional lines and diversified financial services business. The team will target product lines written on a nonadmitted basis. Plans are to expand shortly into lines such as trade credit, cyber/technology and structured professions at a later date.
Dubois brings over 30 years’ underwriting and management experience to his new role. He joins from Crum & Forster subsidiary Seneca Insurance, where as President and CEO he focused on specialized niches within commercial property and casualty lines. He also served as President of its Management and Professional Liability Division.
Dubois began his career at CNA and has also held senior executive roles at Liberty International Underwriters, Ariel Holding Ltd and Valiant Insurance Group Inc.
Source: Minova Insurance Holdings