This edition of International People Moves details the appointments of three re/insurers SiriusPoint, IQUW and Chaucer.
A summary of these new hires follows here.
SiriusPoint Names Lopez as CTO, Following Siri
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that it is appointing Nestor Lopez to the Executive Leadership Team as chief technology officer.
Lopez was the most recent Chief Information Officer, and took over Darryl Siri. Siry will leave SiriusPoint at the end of June, after the vesting period, to pursue other career opportunities.
Lopez joined SiriusPoint in 2022 as CIO reporting to Siry. Lopez heads the IT team, reporting to Scott Egan, chief executive officer of SiriusPoint. He is responsible for building SiriusPoint’s data capabilities, as well as developing and maintaining an efficient and scalable operating platform for the company.
Lopez has over two decades of experience in business transformation using technology in the Insurance and Financial Services sector. Prior to SiriusPoint, he served as CIO of Coaction Specialty Insurance (formerly known as ProSight Specialty Insurance). Previously, Lopez held various leadership roles in information technology and operations, at CNA Insurance, Fireman’s Fund Insurance Company / Allianz Group and General Electric.
“The quality and accessibility of our data is central to SiriusPoint’s strategy and best-in-class aspirations. I look forward to continuing to work with Nestor as we develop our data and technology capabilities. It is a pleasure to announce his promotion and to recognize the talent we have at SiriusPoint,” commented Egan.
“Darryl leaves with our best wishes for the future: the IT function and team have grown under his leadership, and he is a valuable and active member of the Executive Leadership Team.”
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IQUW appoints MacDonald and Hennessey to Lead Property
Property specialty insurer and reinsurer IQUW announced the promotion of Robbie MacDonald to the head of Property Direct and Facultative (D&F), and Tom Hennessey to the head of Property, Delegated Authority (DA).
Both based in London, they will be jointly responsible for the global property book, and will report to Steven Tebbuttactive underwriter of IQUW.
MacDonald, who was promoted from his role of lead underwriter, Property D&F, began his career at Marsh in 2007 in London. He then moved to Tokio Marine Global, followed by a move to Tokio Marine Kiln, and then Tokio Marine HCC. He joined the IQUW D&F underwriting team in 2021.
Hennessey began his career at Price Forbes & Partners as an insurance broker in the Property team. After nine years, he moved to become Property Underwriter at Hiscox, before moving to Arcus Syndicate in 2020. When Arcus was acquired by IQUW in 2021, he became IQUW’s Lead Underwriter, Property DA.
MacDonald and Hennessey will be supported by the wider IQUW Property team, including Lead Underwriter John Brown, who has over 20 years’ experience in the property insurance industry, and Stuart Bell, head of Property Claims. Both joined IQUW in 2022 from Beazley and have extensive knowledge of the property market.
“I am delighted to promote Robbie and Tom to their new roles to support our brokers and continue to grow our property portfolio,” said Tebbutt. “Their appointments will help us maintain our leadership capabilities – particularly as we enter a significant period of change – and enhance our proposition as we continue our investment in technology, data, and analytics to helps inform underwriting decision-making and empowers our team with real-time access to valuation, mapping, and risk scoring metrics.”
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Chaucer promoted Tighe to Group Head of ESG
Chaucerthe international specialty re/insurance group, promotes Simon Tighe to become head of the ESG group, in addition to his role as head of the Investments & Treasury group within the company.
Tighe has been instrumental in driving Chaucer’s ESG sustainability strategy, committed to embedding ESG in the decision-making process.
Tighe played a key role in the development of Chaucer’s flagship ESG initiative that it developed with Moody’s. The ESG Balanced Scorecard enables businesses to measure their ESG performance, up to 158 different metrics, enabling them to evaluate business risks and opportunities.
“I am delighted to announce Simon’s new role as head of the ESG group. He has been a driving force in the evolution of our ESG strategy, particularly the design and development of our Moody’s-approved ESG Balanced Scorecard, an objective measurement of ESG,” commented John Fowle, CEO of Chaucer.
“At Chaucer we are committed to adding meaningful value to all our partners as we strive to support the transition and deliver on our sustainability goals including becoming net zero by 2050 and carbon neutral by 2030.”
Chaucer recently announced that it has signed the United Nations Principles for Sustainable Insurance (PSI). The principles will serve to address ESG risks and opportunities for the insurance and reinsurance industry.
Underwriting the Transition: Chaucer, Moody’s Break New Ground With ESG Scorecard
The ESG Balanced Scorecard developed by Chaucer with Moody’s, the leading global provider of financial intelligence, uses 158 metrics to evaluate a business’s ESG performance, based on its disclosures. The design marries Chaucer’s expertise in underwriting risk, with Moody’s data and ESG-modelling expertise, to help businesses identify and manage ESG risks and opportunities, helping them become more sustainable. The scorecard not only enables (re)insurers to manage their own ESG profiles but also helps re/insurers better understand potential risks and areas for improvement related to ESG of their customers.
Topics
Property
