Ironshore International added a new underwriting manager to help build up its terrorism coverage in Asia Pacific. Selective Insurance’s CFO is retiring. Liberty Mutual and Sompo Canopius AG promoted key executives. The Insurance Industry Charitable Foundation has a new chairman for its board of governors.
Ironshore International is beefing up its Asia Pacific team with a new underwriter focused on terrorism and related coverage.
Specifically, James Hill is now Ironshore’s underwriting manager of terrorism, political violence and war for the Asia Pacific region. The Willis Ltd. veteran will focus on building Ironshore’s name and presence in the region in terms of this specialty line of business. He’ll be based in Ironshore’s Singapore office and report to Hui Yun Boo, managing director of Asia Pacific.
Before Ironshore, Hill was most recently part of Willis’ Singapore management, serving as an executive director of the Willis Asia Group.
He also was head of crisis management for Willis in Asia, a period during which he built the company’s terrorism model and expanded its use across product lines including kidnap & ransom, accident & health, and product recall, as part of the Asia Pacific market.
Liberty Mutual division Liberty International Underwriters promoted Simon White to be senior vice president of its Privacy, Professional & Technology product line.
White will be tasked with overseeing all of Liberty International Underwriter’s U.S. privacy, professional and technology professional E&O business and will also hold underwriting oversight of these products nationally.
White, who joined Liberty International Underwriters in 2014, will be based in New York and report to Carl Pursiano, LIU’s executive vice president and chief underwriting officer.
Before LIU, White was a broker with Aon and Marsh, where he held various senior client advisory and transaction specialist positions.
Selective Insurance Group Chief Financial Officer Dale Thatcher is retiring.
The property/casualty insurance holding company said that Thatcher, who is also executive vice president and treasurer, will be leaving the company effective Sept. 1, 2016. Plans call for naming a new CFO before he retires, and an internal/external search for a replacement is underway.
Thatcher, who joined Selective in 2000 as CFO, is credited with helping to grow the company both organically and through acquisitions. He also oversaw creation of Selective’s enterprise risk management, reinsurance and investor relations programs.
Sompo Canopius AG appointed Mike Southgate as global head of Marine, Energy and Engineering. He’ll also join the group underwriting committee and report to group Chief Underwriting Officer Mike Duffy.
In his new job, Southgate will lead all marine, energy and engineering business across Sompo Canopius.
Previously, Southgate was joint active underwriter at Montpelier Syndicate 5151.
Separately, Joyce Webb, group head of Marine, will retire in April after a 38-year career in the Lloyd’s market. She’s been with Sompo Canopius since 2004 and is credited with helping to build its profitable marine portfolio.
As well, cargo underwriter Donna Young will be promoted to head of Cargo and Specie, as of April 1.
John Vasturia, president of specialty markets for Munich Re America, has been named chairman for the Insurance Industry Charitable Foundation’s board of governors.
He replaces Gary Petrosino, executive vice president and Western U.S. Territory field officer for Chubb & Son, who had served as chairman since January 2014.
Vasturia has served as an IICF board member for three years. In his role as chairman, Vasturia will oversee the board’s work to establish an IICF strategy internationally. IICF consists of four regional divisions and a London arm, the latter of which launched in 2015.
The IICF is funded by the insurance industry. Since debuting in 1994, it has contributed $25.3 million in grants to charities and 218,722 volunteer hours to hundreds of community nonprofit organizations.
Sources: Ironshore International, Liberty Mutual, Sompo Canopius, IICF