A former Hiscox executive is joining Munich Re America to be chief operating officer for Munich Re Specialty Insurance, a new commercial insurance unit in North America. Starr Insurance Companies appointed one of its long-time executives as head of primary general casualty-risk management and excess casualty.
Munich Re U.S. appointed a former Hiscox executive to be the new chief operating officer for Munich Re Specialty Insurance, a new commercial insurance unit in North America.
Adam Edelstein will report to Mike Kerner, CEO of Munich Re Specialty Insurance. In this new role, he will spearhead the buildout of an effective structure to support growth strategies and drive business operations efficiency to achieve the company’s business goals and objectives.
Edelstein has a broad background in delivering sustainable growth and leading organizational transformation. Before Munich Re he was the owner of Quintessential Solutions LLC, a digital and operational transformation consulting firm that launched in 2017, according to his LinkedIn page. From 2012 to 2017 he was a chief operating officer and partner at specialist insurer Hiscox USA. Previously, he was also chief operating officer at MarketStance and a member of the law department at the Port Authority of New York and New Jersey, according to LinkedIn.
Starr Insurance Companies appointed Carmella Capitano, a senior vice president, as head of primary general casualty-risk management and excess casualty.
This is a new role, in which Capitano will lead a team responsible for insuring the complex risks of organizations with revenues of $400 million or more. She will also lead Starr’s excess casualty team. These units insure a broad spectrum of industries such as hospitality, manufacturing, real estate, communications/telecomm, healthcare and sports venues.
Capitano joined Starr in 2019 and rose up the ranks as a leader in primary and excess energy, where she developed a “well-rounded team and profitable book of business,” Steve Blakey, president and chief executive officer, Starr Insurance Holdings, Inc. said in prepared remarks.
Dan Conway, executive vice president, specialty casualty, will continue to oversee Starr’s energy unit, with two experienced executives, Les Lappe and Greg Cropp, respectively managing the primary and excess divisions.
Source: Munich Re America, Starr Insurance Companies