XL Catlin tapped a former AIG executive to lead its new division focused on global mergers and acquisitions. Starr Companies hired a new person to lead its Financial Lines arm. JLT Re named a Guy Carpenter exec as its new global head of Strategic Advisory. Penn National Insurance picked its latest CFO.
XL Catlin is launching a division focused on global mergers and acquisitions insurance and has hired an AIG veteran to lead it.
Brian Benjamin will be global head of the new XL Catlin arm—to be known as the Global Mergers and Acquisitions Insurance Division.
Benjamin was most recently AIG’s management liability and financial institutions officer and has nearly 30 years of global financial lines experience. In his new role, he’ll focus initially on hiring the underwriting teams in New York and globally to design transactional risk products that will let XL Catlin clients maximize deal valuations, enhance the bid process in competitive auctions and bridge gaps that could otherwise prevent parties from completing an M&A deal.
Benjamin will report to Dan Kumpf, chief executive, Global Professional. He’ll be based in New York.
Starr Companies hired Brian Inselberg to fill the spot of senior vice president, Financial Lines.
Inselberg has more than 25 years of leadership experience in insurance areas including financial institutions, management liability, professional indemnity, crime, cyber, mergers and acquisitions, and kidnap/ransom, in both the United States and Europe.
In his new role at Starr Companies, Inselberg will be responsible for the growth and profitability of the financial lines portfolio, and he will also lead the financial lines underwriting team.
JLT Re named a Guy Carpenter executive as its new global head of Strategic Advisory.
Mark Shumway has been Guy Carpenter’s managing director and head of Strategic Advisory for the Asia-Pacific Region. Before joining Guy Carpenter in 2003, he was an A.M. Best analyst and also worked as a consultant for KPMG.
Shumway will take on his new JLT Re position once he completes his contractual obligations with Guy Carpenter. He’ll be based in Philadelphia and report to David Flandro, JLT Re’s global head of Analytics.
A State Auto veteran is joining Pennsylvania National Mutual Casualty Insurance Co. (Penn National Insurance) as its new senior vice president and chief financial officer.
Lyle Rhodebeck will be replacing Gregory Stine, who plans to retire from both positions as of July 1. He joins the company officially on July 6.
Previously, Rhodebeck was at State Auto as senior vice president, director of operations. He also has executive experience from companies including Shelby Insurance and Grange Insurance.
Sources: XL Catlin, Starr Companies, Penn National Insurance