A former Swiss Re Executive is taking on a leadership position at One Concern, an AI startup focused on building the global resilience market. The Hartford promoted a rising executive within its Middle & Large Commercial business unit. Player’s Health, a data-driven insurance and risk management platform that serves the sport and fitness markets, hired an industry veteran to serve as President of Insurance. Markel Corp. named Simon Wilson as its next president of Markel International.
A former Swiss Re Executive is taking on a leadership position at One Concern, an AI startup focused on building the global resilience market. The company is also promoting another executive.
Jeffrey Bohn is the California-based company’s new Chief Strategy Officer and Craig Fugate is Chief Resilience Officer. The two will work closely with One Concern’s expert Advisory Board including Alice Hill, a Senior Fellow at the Council on Foreign Relations, and Steve Howard, Chief Sustainability Officer, Temasek International.
Bohn served as Chief Research & Innovation Officer at Swiss Re Institute, where he managed new research activities supporting Swiss Re’s strategy, clients, business development, and technology. Before he joined Swiss Re to establish the Swiss Re Institute, he served as Chief Science Officer and Head of GX Labs at State Street Global Exchange. Past appointments for Bohn include Head of Portfolio Analytics and Economic Capital at Standard Chartered Bank in Singapore and General Manager of the Financial Strategies group at Shinsei Bank in Tokyo, where he supervised the implementation of best-practice risk and capital analytics.
Fugate previously was One Concern’s Chief Emergency Management Officer and served as FEMA Administrator under President Obama, leading the agency through record-breaking disaster years, including hurricanes Irene, Matthew, and Sandy, as well as devastating tornadoes in the Midwest. Fugate is a leading proponent of the whole community approach to emergency management, emphasizing and improving collaboration among all levels of government (federal, tribal, state, and local) and external partners, including voluntary agencies, faith-based organizations, private sector organizations and citizens.
Japanese insurer SOMPO Holdings recently invested an additional $45 million in One Concern to help it expand products and services.
The Hartford named Gretchen Thompson as head of Construction, Inland Marine, Excess Solutions and Complex Liability Solutions within the company’s Middle & Large Commercial business unit.
Thompson succeeds Adrien Robinson, who was appointed head of Global Specialty. She will report to A. Morris “Mo” Tooker, head of Middle & Large Commercial insurance.
Thompson will be The Hartford’s chief strategist in Construction, Inland Marine, Excess Solutions and Complex Liability Solutions, as well as Media, Arts and Entertainment. Thompson has been with The Hartford since 2005 in roles of increasing responsibility, most recently as head of The Hartford’s Western Division based in California. Before joining The Hartford, Thompson held various finance positions at General Electric. She earned a bachelor’s degree from Boston College.
Player’s Health, a data-driven insurance and risk management platform that serves the sport and fitness markets, is proud to announce the hiring of Naveen Anand as President of Insurance.
Anand has over 30 years’ experience in the North American property and casualty insurance market, with leadership roles at Chubb, CNA, Torus, and Hallmark Financial Services.
Anand will be in charge of insurance strategy and growth for Player’s Health, an InsurTech start-up. He will also join their board of directors.
Player’s Health, founded in 2016, uses cutting-edge technology, unique data insights, and risk management, along with a roster of insurance products to offer protection to amateur athletes, coaches, staff, and volunteers and the organizations that run sports bodies. While currently focused on the U.S. and Canadian markets, Player’s Health will develop into a global insurance and risk management platform for sports.
Anand was President and CEO of Hallmark from 2014-2021. Before Hallmark, Anand served as the CEO Americas and Global Chief Operating Officer of Torus Insurance Holdings Ltd. Anand also served as President and Chief Underwriting Officer of CNA’s Commercial Insurance division from 2002 to 2009.
Hallmark announced in January 2021 that Anand, then president and CEO, had resigned, citing family and personal reasons.
Player’s Health is backed by InsurTech venture capital firm Eos Venture Partners, RPM Ventures, Greenlight Re, as well as venture firms focused on the sports and insurance markets.
Markel Corp. named Simon Wilson as its next president of Markel International, a wholly owned subsidiary. He will succeed William Stovin who has led the Markel International division since 2008.
The transition is part of a planned succession that will fully take effect no later than Jan. 1, 2022, pending regulatory approval.
Wilson joined Markel in 2010 to spearhead international business development. He was the primary architect of the National Markets division with operations in Europe and Canada, which profitably grew from $121 million to $402 million in annual gross written premium over the last decade. Wilson currently serves as the managing executive of Global Strategy for Markel. Before joining Markel, he led the Lloyd’s Asia platform in Singapore.
Wilson will work from the London office and report to Robert Cox, president and chief operating officer of Insurance Operations for Markel. Stovin will remain with the company in an advisory capacity into next year.
Stovin joined Markel as part of the acquisition of Terra Nova Holdings Ltd. in 2000. The deal was part of a long-term strategy to expand Markel’s footprint beyond North America to become a global player in specialty insurance. Toward that end, Stovin helped Markel expand to more than 60 insurance offices in 16 different countries. Under Stovin’s leadership, gross written premiums profitably increased at a compound annual growth rate of roughly seven percent more than doubling the size of the division.
Sources: One Concern, The Hartford, Player’s Health and Markel