6 People on the Move
Berkley Service Professionals Appoint Tom Rea
Berkley Service Professionals, a division of Berkley Alliance Managers, named Tom Rea as executive vice president.
In this role, Rea will be responsible for the oversight of Berkley’s operations, strategy and efforts to increase business development.
Rea brings over 20 year of industry experience, particularly in specialty professional liability insurance, to his role with Berkley. Additionally, he is both a licensed insurance agent and surplus lines broker in the state of Connecticut.
“We are excited to welcome Tom,” said Stephen L. Porcelli, president of Berkley Alliance Managers.
Porcelli continued, “He has a strong track record as a leader and innovator in the miscellaneous professional liability insurance market. Tom joins an outstanding team at Berkley Service Professionals, and together, they have the expertise and experience to enhance our opportunities for profitable growth in this segment.”
Matthew O’Malley Named AXA XL U.S. Country Manager
AXA XL recently announced the hiring of Matthew O’Malley as U.S. country manager.
In late 2020, AXA XL developed a new operating model that created a new zone structure within the U.S., with the intention of ensuring its multi-line insurance and risk management experts were more accessible to both brokers and clients.
In his new role, O’Malley will manage AXA XL’s zone structure to ensure steady development and growth, as well as oversee combined efforts across all zones. Additionally, O’Malley will manage AXA XL’s East U.S. zone.
O’Malley brings 25 years of industry experience to his new appointment with AXA XL. He most recently served as the head of AXA XL’s North American environmental insurance business.
Joe Tocco, chief executive officer of AXA XL’s Americas region, said, “With his collaborative leadership style, attention to data and analytics, and his underwriting management experience, Matt is well prepared to help us keep an eye on our regional activity and ‘the big picture’ as we continue to build AXA XL’s reputation in the U.S. market.”
Cynthia Lopez Joins Lockton to Expand California Construction Practice
Lockton Pacific recently announced the addition of Cynthia Lopez in efforts to “scale its construction practice in Northern California.”
Northern California’s construction industry is facing a mirage of issues: rising material costs, labor shortage and a hardening insurance market brought on and exacerbated by the pandemic. In her new role with Lockton Pacific, Lopez will work to address these issues.
Specifically, Lopez will partner with construction clients to ensure they are receiving subsequent service while assessing risk and providing solutions to manage them.
Lopez brings more than 20 years of industry experience to her role with Lockton Pacific. She has worked in providing and managing accounts for several brokerages in addition to working with national construction clients across several sectors.
“Cynthia’s relationships with large construction underwriters and their management teams go back 20 years,” explained Alex Michon, executive vice president and head of Lockton’s Sacramento office. “She’s the partner you want to weather this difficult environment, someone who can draw on her deep relationships to get things done.”
Phil Pierce, COO of Lockton Pacific North, added, “Cynthia will be invaluable to our clients and an important part of our rapidly growing construction practice in Northern California and the Pacific Northwest.”
Allianz Global Corporate & Specialty Announces Two Promotions and a New Hire
Allianz Global Corporate & Specialty (AGCS) announced the promotions of Lamont Rosemond to regional head of aviation programs and product development in North America and Joshua Ray to general aviation team leader. Additionally, AGCS announced the hiring of Peter Falcone as an underwriting specialist.
In his new role, Rosemond will be responsible for the implementation of both strategic product development and growth initiatives. He is tasked with fostering strong broker and client relationships within the aviation business. He brings over 15 years of aviation underwriting experience to his new role and has been with AGCS since 2014.
As general aviation team leader, Ray will be responsible for the management of complex underwriting placements and strategies in the Eastern region. Bringing over 20 years of underwriting and brokerage experience to his new role, Ray first joined ACGS in 2008.
Prior to his new role with ACGS, Falcone served as senior underwriter from AIG Atlanta. He has previously worked as a broker with Willis Towers Watson.
“Lamont and Josh have been instrumental to our aviation team’s growth and success. They are recognized leaders in the industry whose expertise will help propel AGCS aviation to greater heights in the years ahead,” said Dave Warfel, regional head of aviation, North America.
“We are also delighted to welcome Pete to our team. His impressive experience on both the aviation underwriting and broker side will help AGCS further support the evolving needs of our North American aviation clients.” &