Executive Changes
Axa Veteran Breitburd Takes the Reins at Lloyd’s Europe as CEO Steps Down

Lloyd's has named Amélie Breitburd to succeed Sonja Rottiers as chief executive officer of Lloyd's Europe, subject to regulatory approval.

Rottiers was to step down at the Lloyd's Insurance Co. S.A. General Assembly on June 1. The move coincides with the end of the three-year mandates of both the Nonexecutive Chair Michel Flamée, and Christian Noyer. The new LIC Board members will be announced at a future date, according to a statement.

Breitburd has more than 25 years of international insurance markets experience, including roles at Axa, KPMG and Allianz. She was to join Lloyd's during the second quarter in order to ensure a smooth transition.

According to her Axa Venture Partners bio, Breitburd was most recently regional chief financial officer for the Asia region. Previously, she had been group head of plan, budgets, results &controlling; head of accounting policies; and head of the group corporate actuarial team, group accounting policies and control.

Before joining Axa in 2004, Breitburd worked with KPMG as an external auditor and consultant, and with Allianz France in the internal strategic and organizational audit team.

Rottiers joined Lloyd's in February 2019 as CEO of Lloyd's Brussels, later Lloyd's Europe. Her arrival came shortly after Lloyd's European subsidiary started placing and processing business, and Rottiers aided in establishing Lloyd's European operation in the lead-up and immediate aftermath of the United Kingdom's exit from the EU, according to Lloyd's.

—Staff Report

Joint Venture Movinx Names CEO

Movinx, the 50/50 joint venture between Daimler Insurance Services and Swiss Re, has named Carolin Gabor chief executive officer.

Gabor, based in Berlin, took over in April. The remaining leadership team consists of Chief Financial Officer Andreas Roth and Chief Product Officer Sebastiaan Bongers, according to a company statement.

Gabor will be responsible for the acceleration of the company's expansion plans by cooperating with insurers across the globe, as well as partnering with additional car manufacturers to bring Movinx to even more customers, the company said.

Gabor is an experienced entrepreneur, formerly managing partner of FinLeap, a large fintech ecosystem. Prior to FinLeap, she was CEO of TopTarif.de, a comparison platform, which she restructured and sold to Verivox GmbH. Subsequently, she became CEO of autohaus24.de, where she established additional business models and sold the company to Sixt Leasing AG. Gabor, originally from the banking industry, built a career as a strategy consultant at the Boston Consulting Group (BCG), the company said.

Movinx, launched in October 2020, aims to transform and innovate automotive and mobility insurance with a fully digital business model, focusing on flexible and customer-centric products.

Indiana Insurance Commissioner to Step Down After 10+ Years

Indiana Insurance Commissioner Stephen Robertson, the state's longest-serving commissioner was to step down June 1.

Robertson was appointed commissioner by then-Gov. Mitch Daniels in 2010, reappointed by then-Gov. Mike Pence in 2013, and again by Gov. Eric Holcomb in 2017, according to a statement.

Under Robertson's guidance, the number of insured Indiana residents increased by nearly six percentage points from 2013 to 2019, according to a statement. He also worked with insurance companies to ensure all Indiana counties had at least one insurance company offering individual Affordable Care Act-compliant plans, it said.

Before becoming commissioner, Robertson served in the Title Division as director in 2008, the statement said. Robertson also served as general counsel for the Nebraska Department of Insurance and senior vice president at Conseco Insurance Group, the statement said.

MNK Re Names CEO for Latin America and Caribbean

MNK Re, a specialist Lloyd's insurance and reinsurance broker, has named Nicolas Montoya as CEO, Latin America and Caribbean, and head of MNK Re's operation in Miami, subject to regulatory approval.

Montoya, who will be based in Miami, had been at BMS as a director of its Miami business for six years. Other roles included director, Latin America, at Howden; Latin American underwriting manager at HCC; and underwriting and operation manager at StateTrust, according to his LinkedIn profile.

Headquartered in London, MNK Re was established in 2009 and is a registered Lloyd's broker. MNK Re currently trades with clients in more than 60 countries and provides bespoke (re)insurance solutions for both traditional and emerging risks.

Key lines of business include financial institutions, cyber, marine, energy, aviation, political and credit risk, liability, agriculture and property, in addition to treaty and analytics. MNK Re also provides parametric solutions for diverse risks such as agriculture, pandemics, weather, credit, travel and marine.

AmMetLife Insurance Berhad Names CEO

AmMetLife Insurance Berhad has named Lee Jiau Jiunn to succeed Ramzi Toubassy as chief executive officer.

Toubassy left the company to pursue another opportunity, according to a company statement.

Jiunn most recently was CFO of AmMetLife and joined after 14 years with AIA in Malaysia and Taiwan. Previously, he held actuarial roles in the Malaysia and New Zealand insurance sectors, the company said.

AmMetLife is a strategic partnership between AMMB Holdings Berhad and MetLife International Holdings LLC. It offers life assurance and wealth protection solutions distributed through over 200 AmBank and AmMetLife branded branch offices and authorized life insurance agents, according to a company statement.

Axa XL Names Head of Marine, UK and Lloyd's Market, and Global Head of Hull

Axa XL has named Sundeep Khera as head of marine, United Kingdom and Lloyd's market, effective July 1, and global head of hull, effective immediately.

Khera has more than 25 years of experience in the marine industry and is currently head of marine, Asia-Pacific, at Axa XL, based in Singapore. In his new roles he will be responsible for driving strategic, profitable expansion across the United Kingdom and Lloyd's region and the division's global hull books of business. Khera will relocate to London and step down as head of marine, Asia-Pacific, to ensure a smooth handover and transition, according to a company statement.

Khera joined Axa Corporate Solutions in 2013 as a regional manager, Asia, marine and transport risk consulting and was appointed head of marine in 2015. Following the completion of Axa's acquisition of XL Catlin in 2019, Khera was appointed head of marine, Asia-Pacific, according to the company.

He previously worked for five years at Emirates Shipping Line in several senior management roles, including general manager, operations, South East Asia, and vessel planning manager, operations.

Gary Gensler Confirmed as SEC Chairman

The Senate has confirmed Gary Gensler as the next head of the U.S. Securities and Exchange Commission.

The vote was 53-45, according to Senate records.

Gensler is a finance expert with experience as a markets regulator during the 2008-09 financial crisis, according to the Associated Press. He had a two-decades-long career as a Wall Street banker. Later, as chairman of the Commodity Futures Trading Commission, Gensler tightened oversight of the $400 trillion worldwide market for complex financial transactions that helped cause the Great Recession, AP said.

Eric Dunning Named Nebraska Insurance Director

Eric Dunning, the director of government affairs for Blue Cross and Blue Shield of Nebraska, has been named director of the Nebraska Department of Insurance.

He succeeds Bruce Ramge, who announced his retirement in January after leading the department for 10 years. Ramge was the longest-serving director in the department.

Dunning, who took his post at BCBSN in 2013, spent the prior 15 years providing legal counsel to the department, according to a statement from Gov. Pete Ricketts' office. Before that, Dunning served as an attorney for the Colorado General Assembly, it said.

He also serves on the Health Committee for the Nebraska Chamber of Commerce, and is treasurer of the Nebraskaland Foundation.

Global Specialty Insurer Mosaic Names Co-Chief Executive Officer

Mosaic Insurance, a global specialty insurer, has named Lloyd's syndicate founder Mark Wheeler as co-CEO.

Wheeler will join Bermuda-based Mitch Blaser as dual leader of the company, which combines Lloyd's Syndicate 1609 with a wholly owned syndicated capital management agency and underwriting hubs in Bermuda, London, the United States and Asia, according to a company statement.

Wheeler has served in a variety of leadership roles, overseeing capital planning, underwriting and distribution during his more than 30 years of industry experience across global markets and product lines. He was the founder of Lloyd's Syndicate 4000 and Pembroke Managing Agency, which was purchased in 2008 by Ironshore, where Blaser was a founding executive. Wheeler served as CEO of Ironshore International, managing creation of high-profile consortia and expansion to 14 countries. He later held executive roles in global client engagement and international markets for Liberty Mutual Group following its 2017 acquisition of Ironshore, according to the company.

Hiscox Europe Names Chief Executive Officer

Hiscox, a specialist global insurer, has named Robert Dietrich to succeed Stephane Flaquet as chief executive officer of Hiscox Europe.

Flaquet was appointed earlier this year to the new role of chief transformation officer.

Dietrich has been with Hiscox for 24 years, having joined as an operations manager for Hiscox Germany from Allianz' trainee program in 1997. He held a variety of underwriting roles across the business before being appointed to managing director of Hiscox Germany in 2006. Dietrich has turned Hiscox Germany into the flagship of Hiscox Europe, with the business more than quadrupling under his leadership, according to a company statement.

Equitable Life Insurance Company of Canada Names Successor to Retiring CEO

Equitable Life Insurance Company of Canada has named Fabien Jeudy to succeed Ronald Beettam as president and CEO.

Beettam is retiring after 16 years with the company.

Jeudy, who will transition to his new role on July 5, has more than 30 years of experience in the insurance industry. He has led actuarial, finance, risk management, distribution, marketing teams and operational teams in the life and health insurance, wealth management and group benefits markets in Canada, the United States and Asia, according to the company.

In 2017, Jeudy was named CEO of Sun Life Hong Kong Ltd., responsible for life and health individual insurance, group benefits and pension divisions based in Hong Kong. In 2020, he was appointed president, according to a company statement and a bio.

London Market Group Names Interim Chief Executive

London Market Group has named Caroline Wagstaff to succeed Clare Lebecq as interim chief executive.

Wagstaff will work on a part-time basis until the end of 2021 and temporarily replace Lebecq, who left the company. Wagstaff also will remain as a director of communications agency Luther Pendragon.

Wagstaff has more than 20 years' experience in the London market. She has particular expertise in crisis communications, but also works with clients to identify issues and messages and then to communicate them consistently across the right channels. Wagstaff has spent the past 25 years in financial and professional services, including commodity trading, spread-betting, accountancy, money broking, legal services and commercial insurance. She spent five years as head of marketing and communications at Lloyd's.

Chord Reinsurance Names Chief Executive Officer

Chord Reinsurance Ltd., a specialty reinsurer, has named Chief Underwriting Officer Tom Meyer to succeed Stefan Long as CEO.

Long will transition to executive director ahead of leaving the company in 2022, according to a company statement.

Meyer joined Chord Re at its inception in 2017 as CUO. Previously, he was CUO at Bermuda-based Aspen Insurance Ltd.

Randall & Quilter Co-Founder Retires; New Executive Chairman Takes the Lead

Randall & Quilter Investment Holdings Ltd. has named William Spiegel to succeed Ken Randall as executive chairman.

Randall, who co-founded R&Q in 1991 with Alan Quilter, retired as both executive chairman and director of the company.

Spiegel joined R&Q from U.S. private equity firm Pine Brook, where he was a managing partner and which he co-founded in 2006. He was responsible for managing Pine Brook's financial services investing activities, according to an earlier company statement.

Propeller Names Chief Executive Officer

Propeller Inc. has named Joseph Perschy as chief executive officer, and Taylor McBride as head of business development for the west territory.

Perschy has almost 30 years of experience in the surety industry and most recently, he was vice president, director of strategic operations, for Argo Surety.

McBride has been in the surety industry for four years, most recently an underwriter at Argo Surety in the west region.