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Richard Schmitzer will retire as E&S president and CEO, and Todd Sutherland will succeed him. -
The executive had previously been at Aon for over 15 years.
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At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
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He takes over from Amanda Lyons, who was promoted to global product leader last year.
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The MGA also appointed CNA’s Matthew Schardt as head of casualty.
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The executive has been with the firm’s underwriting team for over 12 years.
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The reinsurer also promoted Ethan Allen to chief program officer.
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New roles include CUO for primary and excess casualty and practice leader for complex specialty.
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The company also hired Beazley’s Tracy Holm as general counsel.
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The executive will begin serving as Hiscox USA’s CUO as of May 5.
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The pair add to the roster of aviation-focused hires at WTW.
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The executive was most recently at Oliver Wyman after joining from AIG last year.
