5 People on the Move
Liberty Mutual Selects New Chief of Staff for Global Risk Solutions
Janelle Edem has been appointed to chief of staff at Liberty Mutual’s Global Risk Solutions, the company’s global commercial and specialty lines (re)insurer, which provides a full range of innovative traditional insurance, specialty and reinsurance risk solutions to businesses around the world.
Edem served most recently as general manager for UPS Distribution and Service, for Global Risk Solutions’ National Insurance operation. She joined Liberty Mutual after graduating from The Wharton School, University of Pennsylvania, with a master of business administration.
Further, Edem has also been active in Liberty Mutual’s Employee Resource Groups, which bring employees together while fostering an inclusive culture, enhancing personal development and supporting broader business objectives.
She will report to Dennis Langwell, president, Global Risk Solutions. Edem will organize, prioritize and move forward critical strategic issues to facilitate efficient decision making for the teams’ executive office.
“Throughout her 14-year career at Liberty, Janelle has excelled at many key positions, from managing one of our largest global accounts, to heading claims analytics & reporting,” said Langwell.
“Her experience developing, running and continuously improving sophisticated programs, and her strong business knowledge across the organization, will help make her the ideal chief of staff.”
AXA XL Promotes Jennifer Minors to SVP
AXA XL announced the promotion of Jennifer Minors to senior vice president – product line leader in its Bermuda Professional Lines Insurance business.
Minors is responsible for managing D&O, professional liability, EPL, wage & hour, transactional liability and cyber liability underwriting activities.
“Jennifer has been instrumental in building our Bermuda platform’s capabilities and complementing the company’s overall global transactional liability strategy,” said Matthew Irvine, AXA XL’s Bermuda professional lines chief underwriting officer.
Minors will be reporting to Irvine in her new role.
“She plays a critical role in building our Bermuda broker relationships and strengthening our connections with U.S. broker networks and their clients.
“Thanks to her leadership in the E&O business, our Bermuda professional lines platform is recognized as the market leader for underwriting law firm E&O business,” said Irvine.
Minors has 17 years of experience in the insurance industry, working as an underwriter in professional liability coverage since 2002 and currently focusing on E&O, transactional liability, cyber, D&O, EPL and wage & hour liability coverage for Fortune 1000 companies and AMLAW 200 law firms.
Medical Malpractice Insurer Adds to Board of Governors
The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, announced the appointment of Ellen H. Masterson to its board of governors.
“We are pleased to welcome Ellen Masterson to our board of governors,” said Richard E. Anderson, chairman and CEO of The Doctors Company.
“Her experience with world-class professional and financial services companies will assist us in continuing to be a financially strong company that protects our members now and in the future.”
Masterson served as a senior partner at PricewaterhouseCoopers LLP (PwC), where she held both U.S. and global leadership roles and worked with business leaders throughout the PwC network of firms in 144 countries, following many years working with clients in both the insurance and healthcare industries.
She also served as senior vice president and chief financial officer of American General Corporation, a Fortune 200 financial services company.
“I am excited to join this group of outstanding leaders from the medical and business communities in support of Dr. Anderson and the management team of The Doctors Company,” said Masterson. “The promotion of quality health care and exceptional financial risk management are both critical to further the mission of the company.”
King & Spalding’s Adds Insurance Corporate Partner
King & Spalding announced Bernhardt Nadell has joined the firm as a partner in the Corporate, Finance and Investments (CFI) practice group in the New York office.
Nadell represents private equity firms, insurers, reinsurers and leading investment banks in complex insurance-related transactions, including life and property/casualty insurance, M&A, reinsurance and insurance securitizations.
“Bernhardt is a rare find because of his market-leading experience assisting private equity firms in identifying and acquiring insurance assets that will complement their portfolios,” said Todd Holleman, head of the firm’s CFI practice group.
“These assets provide funds with another source of steady revenue to tap when giving investors a return on their capital,” he said.
Nadell comes to King & Spalding from Stroock & Stroock & Lavan, where he was head of the insurance transactional practice.
“I have joined King & Spalding because of its stellar capabilities, deep bench in the corporate and tax areas, and international foothold,” added Nadell. “The firm is a great platform for me to further expand my practice and my client base.”
Maryland Reappoints Insurance Commissioner
The Maryland Insurance Administration announced that the Maryland State Senate voted to confirm Al Redmer, Jr. for another term as Maryland’s insurance commissioner.
He will continue to oversee the independent agency’s 266 employees and an annual budget of $31 million.
“I am humbled and honored to serve the citizens of Maryland for another term as insurance commissioner,” Redmer said. “I appreciate the Governor’s confidence and the vote of confidence provided by the State Senate.
“However,” he added, “this is a total reflection on the great work that is accomplished every day, by the dedicated men and women of the Maryland Insurance Administration. With their hard work we’ve made great strides in my last term to make the marketplace more competitive while also protecting consumers.”
During his 13-year tenure in the General Assembly representing Baltimore County, Redmer served two years as the House Minority Leader. Throughout his career, he has stayed involved in numerous community and nonprofit organizations.
Nationally, Redmer is a board member at the National Insurance Producer Registry, and he also represents the state’s interests as an active member of the National Association of Insurance Commissioners.
“The team at the Maryland Insurance Administration is one of the country’s most talents teams of regulators and subject matter experts; we will continue to work diligently with the Governor, the General Assembly, consumer advocacy groups and industry on the most important issued related to insurance,” said Redmer.