Munich Re’s American Modern Insurance Group is getting a new CEO. Chubb named new executives in its Asia Pacific region. Zurich Insurance has its latest chief underwriting officer for general insurance, also in Asia Pacific. Both Allied World and AMERISAFE are dealing with the retirements of key board members.
Munich Re’s American Modern Insurance Group named Andreas Kleiner as its new president and CEO as of May 1.
He succeeds Manny Rios, who departed in August 2015 and will now head South African insurance group Telesure.
Kleiner was most recently a member of the board of management for Munich Re subsidiary ERGO International, a major insurance group in Germany and Europe that offers health and life insurance, legal protection, travel insurance, property/casualty and direct insurance. He’s been with Munich Re in various executive roles since the early 1990s.
Chubb named Christine Aldrich as its marine cargo underwriting manager for the Asia Pacific Region. Callum Clark will work in the same division as marine hull underwriting manager.
Both will report to Anthony O’Brien, regional head of marine for Asia Pacific.
Aldrich joined ACE (which closed a deal to buy Chubb and take its name in early 2016) in 2003. Before her latest promotion, Aldrich was marine underwriting manager for Australia and New Zealand for ACE.
Clark was most recently marine hull manager for the Asia Pacific zone at Chubb.
Hervé Marguin will be Zurich Insurance’s new chief underwriting officer for general insurance, Asia Pacific.
In naming Marguin to the position, Zurich is promoting from within. Marguin has been with Zurich’s general insurance business since 1997, when he joined as an actuary based in France. Since then, he’s served in various leadership roles in Switzerland, Hong Kong and the Asia Pacific region.
Marguin is replacing Adrian Sweeney, who is moving on to the role of chief underwriting officer for Zurich’s Global Corporate business and will be based in London.
A veteran board member for Allied World Assurance Co. Holdings AG is retiring, and he will not be replaced.
The Swiss property/casualty insurer and reinsurer said Jim Duffy‘s retirement is effective as of April 19, 2016. There will be no nominee to replace him at the company’s 2016 shareholder meeting, also scheduled for the same date.
Duffy, who joined the board in July 2006, has served as chair of the Enterprise Risk Committee and as a member of the Audit, Compensation, Executive, and Nominating and Corporate Governance committees.
AMERISAFE Executive Chairman Allen Bradley plans to retire on April 22, 2016.
Jared Morris will take over as board chairman once Bradley retires. Morris has been a director since 2005 and is currently lead director and chair of the Nominating and Corporate Governance Committee.
Bradley has been with the Louisiana-based specialty provider of hazardous workers compensation insurance since 1994. He served in a number of management roles, including CEO from 2003 through 2015.
Bradley also led AMERISAFE through its 2005 initial public offering.
Bradley announced his retirement from his CEO position in May 2013, after which CFO Janelle Frost took on the CEO role. Bradley said he had initially agreed to stay on through September 2016 to assist in the transition but that he is leaving earlier because things have gone so well.
Sources: American Modern/Munich Re, Chubb, Zurich Insurance, Allied World and AMERISAFE.