Talent
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John Duda joins from Markel, where he led the retro portfolio management team and was instrumental in the launch of Markel’s ILS fund, Lodgepine Capital Management. -
The outgoing reinsurance CEO will be succeeded by Stuart McMurdo, current CEO of Scor UK, the Scor syndicate and regional CEO of EMEA.
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CEO Luca Albertini has no immediate plans to step down but the firm said the promotion provided clarity on succession plans.
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Based in Bermuda, Jesse DeCouto will report directly to Validus Re CEO Chris Schaper.
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Sources said the company is to part ways with around 60 staff as it completes the pivot to specialty (re)insurance.
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The executive joins after spending a decade at Nephila Capital.
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The broker said its capital markets unit would be “fully aligned with the broking and analytics teams.
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The broker spent three years with Aon in Bermuda and New York.
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The executive has worked for Beazley for almost 16 years.
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Lee Shavel, the current CFO, was made CEO, Mark Anquillare was made president and three new members were appointed to the board.
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The broker had led Aon’s Global ReSpecialty brand since 2019.
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Group chief accounting officer Erick Fernandez will step in as an interim.
