8 People on the Move
RSG Underwriting Managers Chairman Mike Rice, Sr. to Retire from Ryan Specialty Group
Mike Rice, Sr., chairman and chief executive officer of RSG Underwriting Managers, has announced his intent to retire from Ryan Specialty Group, LLC (RSG) at the end of the year. Mike joined RSG in 2010 as Chairman and CEO of RSG Underwriting Managers, LLC.
Patrick G. Ryan, Founder, Chairman and CEO of RSG, said: “When Mike joined RSG in 2010, he committed to stay two, possibly three years at the longest. Periodically over the last 11 years, I asked Mike to defer his retirement, and each time he selflessly agreed … On a personal note, Mike and I have worked together for over 50 years, 40+ years at Aon and over 10 years at RSG. We will miss Mike and are grateful for his outstanding leadership and counsel.”
Remarking on his intent to retire, Rice said, “I am fortunate to have been part of and contributed to the development and growth of two transformative entities in the insurance industry,” Rice said.
“While I look forward to turning my attention to personal endeavors, I will depart the Insurance world richer for the incredible opportunity to have worked closely with Pat Ryan for over 50 years, as well as many of the finest professionals the industry has known. I am truly grateful.”
RubiQon to Be Led by Romel Salam and Conan Ward
QOMPLX™, an intelligent decision platform provider, announced the launch of a U.S.-based subsidiary managing general agency RubiQon Risk & Insurance Services/RubiQon Re.
The new subsidiary will be led by insurance industry veterans Romel Salam and Conan Ward. RubiQon will will offer cyber insurance, along with multi-line treaty and facultative re/insurance utilizing QOMPLX’s established high-capacity data, modeling and analytic capabilities.
Ward will serve as GM and president while Salam will serve as principal.
“The unique capabilities of QOMPLX’s decision platform, cybersecurity solutions, and professional consulting presented an opportunity to build a world-class infrastructure that merges the best of today’s technological revolutions, cyber expertise and a deeply knowledgeable re/insurance team,” said Ward.
“We’re looking to bring strategic-level solutions and insight to bear for our risk partners, not just tactical product solutions. It is extremely difficult for carriers to innovate, add technology and big data infrastructure, and still keep their factory lights on. We are prepared to work hand-in-glove with a small number of key partners to create a more symbiotic relationship between carriers and RubiQon to broaden their capability map, distribution outlets and product offerings.”
Risk Placement Services Announces Mark Gallagher as National Transportation Practice Leader
Risk Placement Services announced that Mark Gallagher has been appointed to lead its national transportation practice. He succeeds newly retired industry veteran Jimmy Proffitt.
Gallagher joined RPS in early 2019. Prior to joining RPS, Gallagher served as vice president of underwriting for Truckers Insurance Associates Inc., where he started his transportation insurance career in 1996.
“The succession of Mark Gallagher to the leadership role of our transportation practice is proof of the legacy of Jimmy Proffitt’s success in bringing top-notch talent to RPS,” said Joel Cavaness, president, Risk Placement Services.
“Mark is a well-recognized leader in this industry and brings strong relationships, demonstrated leadership skills and deep expertise in the transportation market. He is well qualified to lead us down the road where Jimmy has left us — as the most respected transportation specialist in the country.”
Cannasure Insurance Services Hires Jim McErlean as Director of Business Development
Cannasure Insurance Services, cannabis and hemp insurance MGA and wholesale broker, announced on July 7 that it has hired Jim McErlean as director of business development.
McErlean has more than 20 years of sales, product and distribution management experience in the property and casualty insurance industry.
“We are extremely pleased to welcome Jim to the Cannasure team,” said Patrick McManamon, chief executive officer.
“He is a highly talented and well-respected business executive, and his knowledge, focus and business discipline will be instrumental in our product and service expansion initiatives for the rapidly growing cannabis and hemp sectors.
“Jim’s depth of distribution and channel management, along with his experience in strategic product development and implementation, will be essential as we continue to build out our proprietary programs for these dynamic industries.”
Prior to joining Cannasure, McErlean served as Western U.S. business development manager at NSM Insurance Group. He has experience in retail brokering as well as specialty product and program development. His career experience includes retail brokering. He has also served on the board of the National Association of Home Builders.
“I look forward to helping Cannasure advance its expansion efforts, geographic and otherwise, and build upon its reputation.”
Crawford & Company Appoints a GTS President As Terry Hunt Retires
Crawford & Company, the largest publicly listed independent provider of claims management, has announced the appointment of Paul Kottler as president of Global Technical Services (GTS) U.S., effective July 8.
Kottler will oversee the team responsible for handling large and complex claims. He will also lead initiatives to further strengthen GTS’ market position. He will report to Andrew Bart, global president, Crawford Global Technical Services.
Kottler brings 30 years of experience in the industry. Prior to joining Crawford he was executive vice president, North America at McLarens. Kottler returns to Crawford following the recent retirement announcement of Terry Hunt, a respected veteran of the claims arena in the U.S.
During his 27-year career at Crawford, Hunt held several senior positions across the organization, and took over the leadership of the Crawford GTS U.S. team in 2017.
Bart commented: “Paul brings tremendous technical and market depth and I am excited to see the next chapter for GTS in the U.S. … Terry has made an incredible contribution to the success not only of Crawford GTS U.S., but also to Crawford’s success as a whole. He has been an outstanding leader and we thank Terry for delivering exceptional people strategy which resulted in incredible growth and employee engagement.”
Iain Duke-Richardet Joins Hearsay Systems as Compliance Strategy Principal
Hearsay Systems, the leader in compliant last-mile digital communications for the financial services industry, today announced the appointment of financial services compliance veteran Iain Duke-Richardet as compliance strategy principal.
Duke-Richardet was an original member of FINRA’s Social Media Task Force, which provided industry input to FINRA’s initial guidance (FINRA Notice 10-06) regarding how financial firms and advisors should use social media.
“As a former compliance officer at a large global bank, I have seen first-hand that regulatory compliance is one of the most challenging aspects of digital transformation for financial services organizations,” Duke-Richardet said.
“As a longtime former Hearsay customer and user myself, I have personally experienced the breadth and depth of Hearsay’s commitment to compliance teams, and I’m thrilled to expand on this foundation, continue the company’s long-standing relationship with regulators like FINRA and FCA, and enable my peers who are compliance officers to play a strategic role in their firms’ digital transformation initiatives.”
Duke-Richardet joins Hearsay from Accenture, where he was a leader in the regulatory & compliance practice. Previously, he spent more than a decade as a compliance officer and leader at global financial services firms. &