Movers and Shakers - Cyemptive Technologies, Brooks Macdonald, Thomas Miller, Brokerslink, Tokyo Marine HCC, Flood Re, TTClub, Sompo and Howden

Cyemptive Technologies names Jim Fasone as chief risk officer

Cyemptive Technologies has appointed industry veteran and senior risk management executive Jim Fasone to the newly-created position of chief risk officer.

Fasone will be responsible for Cyemptive’s enterprise risk function and strategic risk transfer partnerships.

He brings with him more than 30 years of extensive experience in risk management, insurance brokerage, mergers and acquisitions, as well as creating unique scalable programs in the technology, healthcare and financial services sectors.

In his new role, Fasone will focus on creating unique go-to-market strategies leveraging strategic partnerships and utilising various alternative risk structures. Fasone has received designations as an Associate in Risk Management (ARM) and a Registered Property Liability Underwriter (RPLU).

“As Chief Risk Officer, Jim is serving a critical role designed to create value for Cyemptive customers and stakeholders,” said Rob Pike, founder and CEO of Cyemptive.

Brooks Macdonald appoints Louis Petherick as group chief risk officer

Brooks Macdonald, a leading wealth manager with £16.8 billion in funds under management, is pleased to announce the appointment of Louis Petherick to the role of group chief risk officer with effect from 4 September, subject to regulatory approval.

Reporting to CEO Andrew Shepherd, Louis will lead the group risk, investment risk, compliance and financial crime functions and will also join the firm’s executive committee.

Louis will lead the firm in its continued commitment to promote a positive compliance and risk culture across the organisation.  He has spent thirty years in financial services, with the last twenty specifically focused on risk management and he has developed a deep knowledge and understanding of the discipline.

He joins Brooks Macdonald from FNZ UK, where he is chief risk officer. Prior to this, he was chief risk officer for AJ Bell, having also held senior risk positions at M&S Bank, Co-operative Bank, Lloyds Banking Group, ING Direct, St James’s Place and Resolution. 

Commenting on his appointment, Louis added: “The firm has a great reputation for its client-centric culture and I am very much looking forward to working with the strong risk team already in place to maintain the focus on delivering for clients.”

Thomas Miller appoints group risk & compliance director

Thomas Miller, the international provider of market-leading insurance services, has announced the appointment of Elliot Dunseath as its new group risk & compliance director.

Elliot has over 25 years of experience in risk and compliance, both within and outside of the insurance market.

He has held a number of senior risk and compliance roles, including time at Aon Benfield, RenaissanceRe and most recently as head of risk & compliance at Nexus Underwriting & Xenia Broking, both part of Kentro Capital Limited. 

Hugh Titcomb, CEO, Thomas Miller commented: “His depth of experience and extensive knowledge of the insurance industry and risk & compliance will further strengthen our ability to deliver excellent service, as we navigate the constantly evolving landscape of this industry.”

Brokerslink adds four new Eastern European affiliates to its global network

Global broking business, Brokerslink, has added four new Eastern European affiliates to its growing network. The new affiliates will extend Brokerslink’s reach in Romania, Moldova, Czech Republic, Slovakia, Bulgaria and Hungary. They are:

• Destine,  with offices in Romania and Moldova, was founded over 15 years ago and has a growing workforce of 50 insurance industry experts and over 8,000 brokerage assistants, offering broking services in a range of markets, including auto, life, health and home insurance.
• Instrade, based in Bulgaria is a regional leader in custom risk management and insurance solutions for individuals and companies. It has been in the industry since 1995 and specialises in liabilities, CAR, industrial risks & property, cargo risks, bonds and health insurance.
• HUNInsurance is headquartered in Budapest, Hungary, and is a member of the Hungarikum Alkusz Group, the largest 100% Hungarian-owned insurance broker group in the domestic market. It provides insurance solutions to individuals, SMEs and large corporations. Originally focused on construction risks, it now offers a range of solutions, covering trade credit insurance, financial lines including cyber, commercial property & casualty, and employee benefits.
• Satum also joins the Brokerslink network. With offices in the Czech Republic and Slovakia, Satum specialises in industrial risks & property, liability, public sector, CAR and is also a leader in transport & logistics insurance in the Czech Republic.

Anne Collette, business development & partnerships director at Brokerslink commented: “We are thrilled to welcome four new Eastern European affiliates into our expanding network, particularly our first step into the Moldova region. Brokerslink is dedicated to providing the best and most comprehensive resources to those in our network and to remain at the forefront of risk management services.”

Miller appoints Oscar Holloway as head of Europe

Miller, the leading specialist (re)insurance broker, today announces the appointment of Oscar Holloway as head of Miller Europe to support the firm’s strategic growth ambitions. 

Oscar’s specialist M&A expertise will support Miller’s continued growth in Europe and Asia and reflects the firm’s commitment to continue its international expansion, having announced the strategic re-alignment of its business into two divisions, Miller UK and Miller International, earlier this year.

Oscar joins from Marsh, where he was senior vice president in its capital markets division, providing advice and structured finance solutions to banks, corporates, and funds. Oscar started his career as an Infantry Officer in the British Army, before developing expertise in M&A advisory at Rothschild, and then at Jardine Lloyd Thomson (now Marsh) as director of corporate development.

Mike Papworth, Managing Director of Miller International, commented: “Europe and Asia are key markets for Miller, and Oscar’s M&A expertise will help bolster our next chapter of growth.”

Oscar Holloway, added: “Miller has clear ambitions for Europe, so I’m thrilled to come on board and work closely with Mike and the team to deliver our international growth strategy. The European market represents a significant opportunity for the business, our clients and our colleagues, while Miller’s unique culture and entrepreneurial mindset offers a great foundation from which to build on this.”  

Tokio Marine HCC International appoints new head of legal & compliance for its European operations

Tokio Marine HCC International (TMHCCI) has appointed a new head of legal & compliance for its European operations, Tokio Marine Europe (TME), as it moves to enhance its network of compliance expertise across the company.

Sandy Mavrommati has joined from Hiscox where she was previously head of compliance for Europe. In her new role, she will be responsible for leading the growing compliance team across Europe.

Her key responsibilities will be to drive the business’ understanding of regulatory risk, establish control frameworks across business units, monitor and communicate local and European regulatory change and establish appropriate control frameworks in response.

Commenting on the appointment, Vanesa Herrero, chief executive officer - TME, said: “We operate in an increasingly dynamic and complex business environment which is necessarily matched by the need to comply with increasing regulation, both in volume and reach.”

“Development of our legal & compliance department is therefore essential in order for TME to meet its ongoing regulatory obligations and ensure the safe and compliant operation of our business for our people, shareholders and clients.”

“I am therefore delighted to have been able to recruit someone of Sandy’s calibre and experience. She knows the European regulatory environment and key players extremely well and I look forward to her bringing that expertise and insight to bear on TME.”

Flood Re names Bridget Rosewell as new chair 

Bridget Rosewell has been appointed to the Board of Flood Re as Non-Executive Director (NED) and chair-designate.

The new chair brings extensive and valuable experience in economics, regulation, and the development of strategic policy across a wide range of stakeholders, including investors, regulators, and government.

Bridget has extensive experience most recently across infrastructure, utilities, financial services, and transport.  Present roles include Non-Executive Chair of Audit and Risk for the UK Infrastructure Bank, NED of Northumbrian Water, Chair of M6 Toll, the UK’s only tolled motorway and Chair of challenger bank, Atom.

She will take over the role of Chair from Mark Hoban who will step down in September at the end of his term, a period during which he successfully steered the creation, authorisation, and establishment of Flood Re.

Mark Hoban, outgoing chair, Flood Re, commented: “My parting message is do not let the success of Flood Re mask the need to create a long-term sustainable solution to managing flood risk. Much has been achieved but much more still needs to be done.”

Bridget Rosewell, chair-designate,added: “As we all face into our greatest national challenge in climate change, I am excited to be working with a wide range of partners on flood prevention and resilient adaptation in the face of ever-increasing flood risk.”

Morten Engelstoft has been elected as the new chairman of TT Club as Ulrich Kranich retires

The liability insurance provider to the international cargo and logistics industry has announced that Morten Engelstoft is to take over as Chairman of both Through Transport Mutual Insurance Association Limited (Bermuda) (‘TTB’) and TT Club Mutual Insurance Limited (UK) (‘TTI’)* on the retirement of the present incumbent, Ulrich Kranich.

Engelstoft spent thirty-six years in various positions and across three regions within Maersk. He retired in June 2023 from the position of CEO of APM Terminals. He has a depth of knowledge and vast experience in operations that are at the core of TT Club’s membership base.

He commented, “I look forward to leading the boards and helping to guide the Club on its continuing path of providing essential cover and valuable loss prevention advice to a dynamic and vital global transport community.”

Marika Calfas of NSW Ports in Sydney has been appointed to the board; as has been John Chambers, currently specialist director – insurance who also serves on the TTI Board. Miguel d’Orey of Orey Shipping in Lisbon has been appointed to the TTI Board.

Sompo International appoints Jesús García Matas as head of property insurance, Iberia

Sompo International, a provider of commercial and consumer property and casualty (re)insurance, today announced the appointment of Jesús García Matas as head of property insurance for Iberia. Matas will be based in Sompo International’s new Madrid office and report to Jamie Cañellas, country manager insurance, Iberia.

Cañellas said: “I’m delighted that Jesús has joined our team. With his diverse background and extensive product and market expertise, we’re well positioned to strengthen and build relationships with clients throughout Iberia and deliver solutions that meet their needs.”

García Matas brings a decade of broad insurance industry experience to this role, spanning property & energy underwriting, multinational programs and claims. He has managed both underwriting and claims teams in the Iberian and Latin American regions and joins Sompo International from Generali Insurance, where he was most recently the head of claims Iberia & Latam.

Howden appoints Rowan Douglas as CEO, Climate Risk and Resilience

Howden, the global insurance group, has announced the appointment of Rowan Douglas as CEO, Climate Risk & Resilience.

Douglas’ role is to continue to build an expert, full-spectrum function to support the group worldwide, embedding climate and resilience across its specialities and regions.

This appointment is an important step in accelerating the growth of Howden’s climate and resilience capabilities, and preludes further significant investment to create a platform for the future that meets the opportunity and scale of market demand over the coming decades.

Insurance will be at the heart of how economies understand, manage and share these risks across geographies and generations. Howden’s climate and resilience capabilities will span physical risks, the risks associated with de-carbonisation, the wider risks stemming from the low carbon transition and growing legal liability risks faced by public and private sector organisations.

Douglas’ appointment reflects Howden’s commitment that the insurance sector plays a critical role in the world’s response to the climate emergency, including the transition to a low-carbon economy and supporting exposed populations and industries.

David Howden, Chief Executive Officer, Howden, said: “Tackling climate change requires the most substantial reallocation of capital in history, and insurance has a huge role to play across the mitigation, adaptation and resilience agenda. Meeting the challenge will take a global effort and radical collaboration across all industries, and between both the private and public sectors.

“To have someone of Rowan’s calibre join us demonstrates not only the credentials of our Climate Risk and Resilience team but highlights our desire to use insurance as a force for good. Our goal is to embed climate and resilience expertise across the insurance value chain, for the benefit both of existing clients and those who do not have access to insurance.”

With more than 30 years of experience in the (re)insurance industry, Douglas brings a wealth of expertise in the field of climate-related risk. He was previously with Willis Towers Watson (WTW) where, prior to his departure, he led the Climate and Resilience Hub (CRH), which he grew to over 130 climate risk professionals.

Douglas will continue in his role as Chair of the Operating Committee for the IDF, as part of his commitment to mobilising multilateral and cross-industry cooperation as a means to tackling the complex challenges around climate risk and resilience.

Rowan Douglas, CEO, Climate Risk & Resilience said: “My decision was driven by the company’s recognition, from the very top, that insurance capabilities are essential to de-risk the climate transition and protect lives, assets and livelihoods… Our focus will be on embedding the work of the Climate Risk and Resilience division across all of Howden’s product lines and geographies, ensuring it supports our clients and partners.”