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Insurance moves through April 27


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Insurance moves through April 27

S&P Global MarketIntelligence presents a weekly rundown of selected executive management andother personnel moves in the insurance industry. The changes are listed byannouncement date in reverse chronological order.

April 27

announced the deathof Michael Karfunkel, founder, chairman and CEO. The company's board hasappointed President Barry Karfunkel to serve as CEO.

MichaelKarfunkel also co-founded AmTrustFinancial Services Inc. with his brother, George Karfunkel, and hadserved as the company's chairman.

TerriDalenta was appointedas Grange Insurance's executive vice president and CFO. Grange Insurance (TheGrange Mutual Casualty Group) includes GrangeMutual Casualty Co., GrangeProperty & Casualty Insurance Co., , ,Grange Insurance Co. of Michigan,Grange Life Insurance Co.,Integrity Mutual Insurance Co.and Integrity Property andCasualty Insurance Co.

's seniorexecutive appointmentsin its newly formed high-net-worth personal lines business includes Kevin Hoganas senior vice president and COO.

as 's senior vice presidentand chief information officer, effective May 2. Brooks previously served asglobal operations officer for ACE Group in Philadelphia.

's Cigna GlobalIndividual Private Medical Insurance business Steve Martin as businessdevelopment manager for the U.K. Martin joined from , where he was most recentlysenior business development manager for Bupa UK.

April 26

Josh Nelson as CFO of itsColonial Life business. Nelson most recently served as vice president and CFOof regional markets and sales for group, voluntary and worksite for

HugoCardona assumed thepost of managing director for Latin America and the Caribbean at Aspen Re.Cardona will join May 2 from OdysseyReinsurance Co., where he was chief underwriting officer and seniorvice president for Latin America, Brazil and the Caribbean. Aspen Re is part ofAspen Insurance Holdings Ltd.

XLCatlin appointed KyleMcGrath fine art and specie underwriter, the Insurance Journal reported. XL Catlin is the global brand used byXL Group Plc'sinsurance and reinsurance companies.

MarioLengel joinedW&S Financial Group Distributors Inc. as regional life consultant forfinancial institutions. Lengel was vice president/retail insurance specialistat Fifth Third Insurance Agency, an affiliate of .

W&SFinancial Group Distributors distributes fixed, variable and immediateannuities and life insurance products from Western-Southern Life Assurance Co., ,Integrity Life Insurance Co.and National Integrity LifeInsurance Co., all member companies of Western & SouthernFinancial Group. Variable products are distributed through

April 25

announced thatCharles Guay,president and CEO of Manulife Québec and executive vice president and generalmanager of institutional markets of Manulife Canada, is leaving Manulife. Guaywill be succeeded by Sue Reibel as executive vice president and general managerof institutional markets in June.

JorgePecci joinedRyan Specialty Group LLCas president and CEO of the newly formed specialty marine underwriting manager,Safe Waters, among other appointments. Pecci most recently was the marine regional executivefor the Americas.

Michael Beck to serveas COO, effective April 25. Mt. Logan Re is a member of

'sBermuda CEO, Tony Fox,resigned from the company, The InsuranceInsider reported. Fox is joining Aon Benfield as chairman of GlobalReSpecialty in Bermuda, effectively heading up Aon Benfield's Hamilton,Bermuda, office. Aon Benfield is the global reinsurance intermediary andcapital adviser of Aon Plc.

Separately,Guy Carpenter announced the promotionof Peter Stubbings toCEO of the company's Bermuda operations. Guy Carpenter is a unit of

RalphFerraro was added assenior vice president and head of product for the Retirement Plan Servicesbusiness of Lincoln Financial Group, among other appointments. Ferraropreviously served as senior vice president and head of product with LincolnFinancial Group is the marketing name for Lincoln National Corp. and its affiliates.

UnumGroup promoted MarcoForato to senior vice president for corporate strategy and development. Thecompany also named Tyler Siira vice president and treasurer.

DavidDelaney joinedKingstone Cos. Inc.'ssenior management team at KingstoneInsurance Co. as its senior vice president of business development.

April 22

tapped Robert Pearlas president of its newly formed recreational products division, among otherappointments. Pearl most recently served as director of recreational productsfor American Reliable InsuranceCo.

'sAXIS Healthcare has entered the nursing home professional liability market byadding twounderwriters, Dave Stoner and Jason Correll. Both join from Rockhill InsuranceGroup, where Stoner was a vice president and Correll was an assistant vicepresident.

April 21

VermontMutual Insurance Group promotedMark McDonnell toexecutive vice president and COO of the group. Vermont Mutual Insurance Groupis composed of Vermont MutualInsurance Co., NorthernSecurity Insurance Co. Inc. and Granite Mutual Insurance Co.

DanRiordan was hired asXL Catlin's president of global political risk and trade credit. Riordan mostrecently served at ZurichInsurance Group Ltd. as CEO of global corporate in North America.

Everest Re Group is expanding its Everest Insurance platformthrough the launch of a new credit and political risk business unit. Jim Thomaswill lead the newunit under Everest Specialty Underwriters.

AshiaRazzaq joined MetLifeas head of business communications for Asia. Razzaq joins from 's StandardChartered Bank, where she most recently was COO for global corporate affairs.

will lay off 24employees in Oregon by year-end 2016, the PortlandBusiness Journal reported. The insurer is exitingthe state health insurance market.