This version of Worldwide Individuals Strikes particulars at Fairfax Insurance coverage Group and Acrisure’s Volante.
A abstract of those new hires follows right here.
Fairfax Insurance coverage Group Names Younger as President, Barnard as Chair
Fairfax Monetary Holdings Ltd. introduced that Brian Younger turned president of Fairfax Insurance coverage Group, succeeding Andrew Barnard who has stepped into the function of chairman of Fairfax Insurance coverage. Each appointments have been efficient on Jan. 1, 2025.
Younger joined Fairfax subsidiary Odyssey Group in 1996 and has served as its chief government officer since 2011. Fairfax mentioned that Odyssey has thrived beneath Younger’s management, producing an underwriting revenue for 13 consecutive years and almost tripling in measurement throughout his tenure.
Efficient Jan. 1, Carl Overy succeeded Younger as Odyssey’s CEO, main its three working platforms: OdysseyRe, Hudson, and Newline. Overy has served as CEO of OdysseyRe since April 2023 and beforehand served as CEO of Newline and the London department of OdysseyRe for 15 years.
“Brian and Andy have labored collectively for almost 35 years, the final 28 at Fairfax. Our expansive international re/insurance coverage operations will profit significantly from their collective oversight,” commented Prem Watsa, chairman and CEO of Fairfax. “Carl is a confirmed chief who has devoted greater than 20 years of his life to Odyssey. Now we have little doubt that Odyssey will scale new heights beneath his management within the years to come back.”
Fairfax is a holding firm which, by means of its subsidiaries, is primarily engaged in property/casualty insurance coverage and reinsurance and related funding administration.
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Acrisure Names Business Veteran Reith as Government Chairman of MGA Unit Volante
Acrisure, the Grand Rapids, Mich.-based international insurance coverage dealer, introduced the appointment of Martin Reith as government chairman of Volante, a Lloyd’s enterprise with intensive MGA operations.
Based mostly in London, Reith will work with senior management throughout a number of areas of the enterprise. Reith will report back to Matt Schweinzger and Grahame Millwater, Acrisure’s executives whose tasks embrace Acrisure Re, its London-based and worldwide companies, in addition to all international MGAs and applications. The appointment is efficient instantly.
At Volante, Reith will work intently with the CEO Talbir Bains and the chief workforce. Alongside his function as government chairman of Volante, Reith additionally might be advising Ben Canagaretna, managing director of Acrisure Re Company Advisory and Options (ARCAS).
As well as, Reith will overview and advise on Acrisure’s curiosity in accessing third-party capital to make the most of the numerous variety of alternatives forward.
Reith has intensive expertise within the re/insurance coverage business, bringing roughly 40 years of business expertise to Acrisure. He has held management roles in underwriting, distribution and different capital. He was CEO of Marketform (later rebranded as Neon). Most just lately he was CEO at Helios Underwriting PLC, and was the founder and CEO of Ascot Underwriting in 2001. He has additionally held a number of advisory roles in a non-executive director capability at numerous firms inside and out of doors of the re/insurance coverage market.
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