This wrap-up of international People Moves details recent appointments at broker Acrisure; Willis Re; reinsurance investment firm Acacia Holdings Ltd., and Corant Global.
A summary of these new hires follows here.
Acrisure, the London-based insurance broker and fintech financial services provider, announced the hiring of Mark McIlquham as president of UK Retail.
McIlquham begins with Acrisure on Aug. 1 and will be based in London, reporting to Grahame Millwater, president, Acrisure Markets and International.
McIlquham brings more than two decades of experience to Acrisure’s growing international operation. He joins Acrisure from Deloitte where is has been a partner for the past 12 years. At Deloitte, he specialized in the insurance sector, leading complex audit, M&A, restructuring and regulatory projects. He held a variety of positions on executive leadership boards and committees and was most recently head of Deloitte’s UK Financial Services Audit & Assurance.
Chems-Eddine Kassali has been appointed regional director, Middle East and North Africa (MENA) for Willis Re, the reinsurance division of insurance broker Willis Towers Watson.
Previously associate director at United Insurance Brokers Ltd., Kassali will be responsible for the strategic development of Willis Re’s MENA portfolio, reporting to Natalie van de Coolwijk, regional director, Middle East and Africa. He will be responsible for client and reinsurer relationships and will focus on leveraging and developing Willis Re’s service offerings to deliver long term value for clients in the region.
Kassali’s appointment follows several key hires in the MENA region, including Reena Gandesha as executive director and local MENA team lead.
Acacia Holdings Ltd., the Bermuda-based specialist reinsurance and retrocession investment company, announced that Lawrence Cheng has joined its executive leadership team and will become chief underwriting officer.
Cheng served as managing director and head of Property & Casualty at Peak Re, where he was also a founding member of its leadership team. He led the firm’s successful development of third-party capital vehicles and served as co-CEO of Peak Capital, a Bermuda-based insurance linked securities asset manager.
A qualified actuary, Cheng started his career at Markel Liberty in London before moving to Aon to set up and oversee their actuarial practice in China. Cheng has an impressive track record in underwriting and reinsurance, with proven success in managing a business from start-up into a leading reinsurance company.
About Acacia Holdings and Oaktree Group
Acacia Holdings Ltd. is a specialist reinsurance and retrocession investment company incorporated in Bermuda, backed by companies within the Oaktree Group. The company utilizes its own balance sheet alongside third-party capital to invest in the reinsurance and retrocessional markets, providing tailor-made solutions to meet the specific requirements of its investors and trading partners. Oaktree is a global investment manager specializing in alternative investments, with $153 billion in assets under management as of March 31, 2021.
Corant Global this month announced the appointment of Paul Scope as chairman of its Bermuda operations. Working alongside Chris Bonard, CEO of Corant Bermuda and Ed Broking Bermuda, and John Turner, chairman of Ed Broking Bermuda.
An established veteran of the Bermuda market, Scope brings over 40 years of industry experience to Corant and joins from Willis Bermuda where he has been chairman since 2015. Prior to that, Scope founded Park International where he served as president and CEO for more than a decade, becoming chairman of The Park Group in 2003. He was appointed chairman and CEO of JLT Park Bermuda after the business was acquired by JLT in 2007.
About Corant Global
Completely independent, Corant provides global wholesale specialty insurance and reinsurance broking services and underwriting solutions through its specialist brands. Led by Chief Executive Officer Steve Hearn, Corant has approximately 900 employees worldwide and places approximately $2 billion in gross written premium annually (2019). Corant Global is owned by BGC Partners, Inc., a global brokerage and financial technology company.
Willis Towers Watson
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