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Singer’s hire was perceived as an attempt to build out the finance function of the broker in a way which would make the firm public market ready.
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Chairman Kessler remains in place until the 2024 General Meeting when he will stand down on hitting the age limit of 72.
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The charges spanned workforce actions, rationalizing technology and reducing the overall real estate footprint.
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The proposed change could disrupt M&A at brokers, shift the calculus in favor of team lifts and dial up C-suite focus on becoming an employer of choice.
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Maddi Morris will be responsible for overseeing the growth and refinement of the insurer’s marine and energy liability account.
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Before the move, the executive spent 12 years at Aon working as a reinsurance broker based in London.
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The commercial InsurTech has initiated a search to find the next CEO.
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Dan Rance was previously head of financial lines for Bermuda at Liberty.
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Motamed has been a member of the carrier’s board since January 2019.
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The executive was previously chief actuary in the organization, a role he served for more than 20 years.
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The broker appointed Marc Tauber to lead FIG’s broking and advisory team, Patrick O’Neill to head large accounts and Justin Corey to oversee business development.