The PURE Group of Insurance Companies is fleshing out its executive roster with veteran hires from Chubb and AIG, both rivals in the high-net-worth space.
PURE is a New York-based company that includes Privilege Underwriters Reciprocal Exchange, a policyholder-owned property/casualty insurer focused on high-net-worth individuals and families.
The new hires:
Natali Mohanty. PURE’s new senior vice president of Data and Analytics most recently served as Chubb’s vice president of Enterprise Analytics, and has more than a decade of experience in data and analytics.
Scott Spencer, named PURE’s new senior vice president of Risk Management, was previously global head of risk management for Chubb Personal Insurance. Spencer has an extensive background in loss prevention.
Jennifer Spindler, appointed PURE’s senior vice president of Underwriting Operations, served previously as vice president of strategic underwriting with ACE Private Risk Services (now part of Chubb after both companies merged). She has more than 15 years experienced underwriting for the high net worth niche.
Michael Taylor, appointed senior vice president and deputy chief claims officer for PURE, held a number of executive-level positions at AIG, including chief claims officer for the Private Client Group and global claims officer for Accident & Health. He brings to PURE more than 30 years of claims experience.
PURE is pursuing high-net-worth growth as rivals such as Ace and Chubb have merged or consolidated. In November, XL Group/XL Catlin invested in PURE, taking a stake of under 10 percent in PURE parent Privilege Underwriters Inc. Stone Point Capital retains a majority holding.