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Insurance moves: Pioneer Underwriters loses teams; Assured Guaranty exec resigns

S&P Global Market Intelligence presents a daily roundup of management and board changes in the insurance industry. This feature excludes C-level leadership changes and stories previously covered by S&P Global Market Intelligence.

Life and health

John Danahy and Alan Henderson retired from the board of directors of Reinsurance Group of America Inc., effective Dec. 31, 2019.

Frederick Sievert was appointed to succeed Danahy as chair of the compensation committee, effective Jan. 1. The retirements reduce RGA's board size to 11.

Multiline

Ronald Bakica resigned as deputy general manager of Al Ain Ahlia Insurance Co. PSC.

Property and casualty

Pioneer Underwriters' North American professional liability, international financial products and environmental liability teams left the business, The Insurance Insider reported.

The company's future remains unclear, sources told the outlet, since it placed its Lloyd's syndicate into runoff in November 2019, with a succession of line withdrawals reported.

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Ecclesiastical Insurance Office Plc appointed Neil Maidment a nonexecutive director, with immediate effect.

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Bruce Stern resigned as executive officer of Assured Guaranty Ltd., effective Dec. 31, 2019.

Stern will remain employed in a nonexecutive officer position, serving as senior adviser to the CEO, from Jan. 1 to May 1.

The company will eliminate the position of executive officer.

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NCMIC Group Inc. promoted David Siebert to president of its insurance operating companies, NCMIC Insurance Co. and Professional Solutions Insurance Co., Business Record reported.

The company also named Tony Dickinson president of NCMIC Finance Corp. and Professional Solutions Financial Services

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People's Insurance Co. (Group) of China Ltd. at the 2020 first extraordinary general meeting appointed Huang Liangbo shareholder representative supervisor of the company's board of supervisors.

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Sompo International Holdings Ltd. appointed Ray Santiago executive vice president and leader of its U.S. commercial management team, Business Insurance reported.

Santiago was most recently senior vice president of underwriting for XL Catlin's professional liability team.