The Hartford snared a former Zurich executive to help run its new, dedicated energy practice. Beazley brought on an ex-Gen Re senior vice president to lead new business and product development for its specialty treaty team. A Liberty Mutual Insurance division promoted an executive to run its U.S. railroad product line.
The Hartford has started operating a dedicated energy practice, and named a former Zurich executive to run it.
Ric Pena will be vice president of the new division, which will provide specialized underwriting, insurance coverage and risk management services for energy companies. He’ll report to Tom Boudreau, head of construction and energy insurance.
Pena’s main mission involves leading development of The Hartford’s overall underwriting approach for the energy sector, as well as specific products, services, and distribution plans. He will also work closely with The Hartford’s agent and broker partners with energy sector specialization.
Prior to The Hartford, Pena served as the U.S. head of Zurich’s Energy Casualty business unit. He’s also a 25-year industry veteran, with experience in underwriting, sales and national leadership.
Veteran Gen Re executive Elizabeth Benet will lead new business and product development for Beazley’s specialty treaty team’s partner solutions focus group.
Benet will be based in Farmington, CT and report to Joanne McCann, Beazley’s specialty treaty focus group leader.
Beazley said that its specialty treaty team partners with insurance carriers to provide them turnkey insurance products that enhance product offerings for their policyholders such as employment practices liability and data breach.
Before Beazley, Benet was Gen Re’s senior vice president, North American underwriting manager for treaty reinsurance for specialty lines. While there, she managed a team of underwriters and oversaw marketing and strategy.
Previously, Benet also worked for Zurich Insurance in their Middle Markets division.
A Liberty Mutual Insurance division promoted an executive to run its U.S. railroad product line.
Robert Capicchioni will hold the title of vice president with Liberty international Underwriters. He’ll be based in New York and report to Diana Cossetti, head of Liberty International Underwriters U.S. Casualty.
Previously, Capicchioni was underwriting manager in Liberty International Underwriters’ Casualty group. In his new role, he’ll oversee underwriting, product development and performance of the U.S. Railroad portfolio. This line of coverage targets freight, passenger and contractor railroads, railcar lessors and lessees, suppliers, service providers and product manufacturers.
Sources: The Hartford, Beazley, Liberty Mutual/Liberty International Underwriters