Chubb beefed up its Energy Industry Practice with two new leadership appointments. JLT Specialty USA, appointed a seasoned executive to its U.S. Aerospace Team. There’s a changing of the guard in play at Everest Re company Mt Logan Re.
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Chubb made two new leadership appointments for the mid- and large- market segments within its Energy Industry Practice.
Brad Watson and Barton Porter have been named Energy Industry Practice Leaders for Chubb’s mid- and large-market business lines, respectively. As practice leaders, they help further leverage Chubb’s offerings to help companies mitigate a range of risks associated with exposures unique to the energy sector. Also, Watson and Porter will handle managing and expanding relationships with key distribution partners.
Watson, in the mid-market energy segment, will lead underwriting for clients focused on mining, petroleum, power, renewable and alternative energy. Based in Dallas, he will report to Jim West, executive vice president, North America Industry Practice Leader. Watson has more than 25 years of industry experience, and most recently served as Chubb’s underwriting manager for the Dallas region. He succeeds David Barclay, who will retire as the company’s mid-market Insurance Energy Practice Leader in June, after more than 36 years with Chubb.
Porter, focused on Chubb’s large-market energy segment, will coordinate the global portfolio of products and services of the company’s large account Risk Management business for clients that are focused in the energy sector, including power generation, on and offshore upstream, midstream and downstream companies, including manufacturing and contracting companies that serve the energy sector.
Porter will access the company’s offerings in the global primary casualty, excess casualty, financial lines, environmental and marine lines of business. Based in Houston, he will report to John Alfieri, executive vice president, North America Major Accounts Field Operations. Porter has 35 years of property/casualty industry experience. Before joining Chubb in 2014 as Global Casualty, senior vice president, Underwriting Branch Manager, in Houston, he held a number of senior leadership positions at various brokerage firms.
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JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., appointed Tim Rush as Business Development, JLT U.S. Aerospace Team – U.S. Space Industry.
In his new role. Rush will primarily deliver insurance products and services to support JLT’s clients’ strategies and business objectives.
With over 35 years in the commercial space industry in management and operational roles, Rush comes to JLT from RushPort Ventures, where he served as Managing Director. Rush also served as Senior Vice President, National Space Practice for Marsh, where he handled designing and placing bespoke property and liability insurance for businesses that launch and operate assets in space and settling claims arising under these coverages. Previously, Rush served as Managing Director, Global Space Practice Group at Aon.
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Rick Pagnani will be stepping down as head of Mt. Logan Re after five years in the job.
David Whiting, who has been chief underwriting officer of the Bermuda reinsurer since its creation in 2013, has been appointed president and chief underwriting officers.
Pagnani, who founded the reinsurer, will help Whiting over the next several months to insure a smooth transition of responsibilities and continuity for Mt. Logan’s investors, the company said.
Mt. Logan Re is part of Everest Re Group.
Sources: Chubb, JLT Specialty USA, Mt. Logan Re