Zurich Insurance’s Canadian Unit named a new head of Liability, who starts in the position on July 1. Third Point Reinsurance Ltd. hired a veteran industry executive to lead its specialty treaty portfolio.
Marco Royer is Zurich Canada’s new head of Liability.
Royer will be responsible for leading the market-facing underwriting teams in Zurich Canada’s Liability portfolio, including casualty, energy casualty, construction liability, environmental liability and commercial automobile. He’ll also oversee Zurich Canada’s Alternate Risk Transfer team and oversee the development and growth of the healthcare and public sector industry verticals. As well, Royer will be tasked with working closely with other Zurich Canada executives to coordinate effective execution of portfolio management, distribution management, risk services and claims management.
Royer will be a member of the Zurich Canada executive team and report to Zurich Canada CEO Saad Mered. His first day at Zurich will be July 1.
Royer is a 30-year insurance industry veteran, with particular experience in the European and Canadian insurance marketplaces. He has a strong technical casualty underwriting background and has increasing executive responsibilities, including 18 years at Gen Re, where he led teams in Paris, London and Montreal. Following Gen Re, he joined Aon Benfield as vice president and casualty specialist, then Quebec regional manager and head of facultative operations, reporting directly to the CEO.
In his most recent position at Aon Benfield, Royer was the head of the Canadian-London team, responsible for all Canadian reinsurance placement in the London market.
Third Point Reinsurance Ltd. hired Tracey Gibbons to lead its specialty treaty portfolio.
The portfolio will initially include workers compensation catastrophe, PA/Life catastrophe and other niche lines of business including, but not limited to, contingency and political violence. Gibbons reports to Dan Malloy, chief executive officer of Third Point Re Company Ltd., the company’s Bermuda-based operating subsidiary.
Gibbons has over 32 years’ experience. She was most recently at Allied World Assurance Company as its senior vice president of Specialty Reinsurance. Before joining AWAC in 2003, she was senior vice president at Overseas Partners, where she was instrumental in setting up the company’s U.S. operation. Gibbons is a fellow of the Chartered Insurance Institute, an associate in Risk Management and a member of the Institute of Directors.
Sources: Zurich Canada, Third Point Re