Operations/tech
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The recruitment timetable is designed to allow for an “orderly transition”.
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The carrier said rates were not responding adequately to claims and loss creep. -
Elizabeth Benet has a long career in specialty lines underwriting.
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Michael Jordan worked at the London-listed carrier for more than 14 years.
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The executive says retention and new business wins drive growth.
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Steven Beard was RFIB CEO for just over a year and half and said the timing “feels right” to leave.
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The executive joins from AGCS where she led the North American financial lines team.
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The move comes amid a focus on underwriting profitability at the German carrier.
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Staff must honour notice periods and restrictive covenants.
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The ruling is another blow to McGriff in its battle over the loss of senior employees to the rival.
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The Asia Pacific CEO’s departure from the general insurance division follows the exit of Chris Townsend earlier this month.
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The US insurer was one of several firms believed to have courted the retirement plan provider last year.
