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Endurance Appoints COO, Plus Other People Moves
Bermudian reinsurer Endurance has made some changes to senior management.
• Bermudian reinsurerEndurancehas made some changes to senior management.Susan Patschakhas been promoted to executive v.p. and chief operating officer. She was previously senior vice-president of the company's property treaty unit. She is also a member of its loss reserve committee.
Christopher Schaperhas been named as executive vice-president and head of reinsurance operations. Schaper was previously senior v.p. and head of the casualty treaty reinsurance group inEndurance Specialty Insurance.
Both appointments will become effective upon approval by the Bermuda Department of Immigration.
•Peter Colombo, chairman of the board of Swiss reinsurer Converium, will step down at the next annual general meeting. Colombo indicated he would retire then at 2005's the annual general meeting.
Vice-chairmanGeorg Mehlwill not stand for re-election when his term ends at the meeting. Board membersGeorge ParkerandAnton Schnyderalso will not stand for re-election.
Lennart Blecher,Detlev BremkampandHarald Wiedmannwill be proposed as new members of the board.
•Glenn Campbell, CFO and chief operating officer of Swiss reinsurerGlacier Re, will join the company's board of directors.Sander Mallienhas resigned from the board.
•Aonhas appointedOlivia DicksonandPaul Manducaas non-executive directors. Dickson is a member of the determinations panel of the U.K. Pensions Regulator and a senior advisor to the Financial Services Authority, also in the U.K.
Manduca's other directorships includeWM Morrison Supermarkets,Development SecuritiesandHenderson Small Companies Investment Trust.
• U.S. brokerUSI Holdingshas namedWilliam Sandersas president of its South Bay office in Torrance, Calif. Sanders was previously senior v.p. atMarsh.
•Willishas appointedBernard Deschampsas executive v.p. and officer director of its Montreal, Canada operation. Deschamps joins the broker fromGroupe Ultimawhere he was president and general manager.