Gen Re promoted an executive to head its International Property & Casualty arm. Hiscox named a new head of Claims in the U.S. Willis Towers Watson appointed a new senior director in its Property & Casualty practice.
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General Re Corp., the reinsurance subsidiary of Berkshire Hathaway, named Andrew D’Arcy as head of Gen Re International Property & Casualty.
D’Arcy most recently has been CEO of Faraday, Gen Re’s Lloyd’s operation, which manages Syndicate 435. D’Arcy will join the General Reinsurance AG executive management board.
In his new role, D’Arcy will oversee Gen Re’s international direct property and casualty reinsurance business as well as the broker market business handled through the Faraday platforms. The appointment is effective May 1, 2019 and subject to regulatory approvals.
Meanwhile, Tom Shelley will assume the role of Faraday CEO and Chris Thorne will assume the position of Faraday chief underwriting officer. Gen Re Chairman Charles Shamieh will join the Faraday board of directors.
Gen Re and Faraday will continue to offer their reinsurance and insurance solutions in their respective markets.
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International specialist insurer Hiscox appointed Melissa Hill as head of Claims in the U.S.
Hill, who has more than a decade of experience in claims operations, will oversee the strategic direction and performance of the company’s industry-leading claims service in the U.S. She will be based in Atlanta and report to Steve Langan, chief executive officer for Hiscox USA.
Before joining Hiscox, Hill was the chief claims officer at Blackboard Insurance Company, where she built a claims operation that managed risks and exposures in real time.
Previously, she served as a senior vice president at AIG where she oversaw three major claims operations: Defense Base Act Federal Workers Compensation, Foreign Voluntary Workers Compensation and Vendor Services Workers Compensation. In this role, Hill revamped legacy systems and processes, which enhanced the overall claims process by making it electronic and paperless.
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Willis Towers Watson brought on Alex Lei as senior director in its Property & Casualty practice within its Insurance Consulting and Technology business.
In this role, Lei will deliver pricing, predictive analytics, and product and underwriting products and services for the company’s P&C clients. He will also support the development of future product design and offerings.
Lei joins Willis Towers Watson from CMIG International in Shanghai, where he served as vice president. Before this, he was chief data officer and chief actuary for Ant Financial. Before working in the fintech industry, he was the chief pricing actuary for AIG Personal Lines and held several key actuarial roles during his 11-year tenure there.
Lei started his career at Willis Towers Watson as an actuarial associate.
Sources: Gen Re, Hiscox, Willis Towers Watson