Specialist insurer Beazley has announced the appointment of Richard Montminy as global head of its property division, reporting to Adrian Cox, chief underwriting officer, effective 20 May 2019.
Montminy will succeed Mark Bernacki who stepped down from the position at the end of April after 13 years at the company.
In his new role he will now be responsible for developing the company’s global property strategy and will lead property teams based across the U.S., the U.K. (including at Lloyd's) and Singapore. He will also join the firm’s executive committees.
Montminy brings more than 30 years of experience in commercial property insurance within both senior underwriting and broking roles and prior to joining Beazley, he recently served as head of property for the U.S. commercial insurance operation at Zurich North America. Before joining Zurich four years ago, he spent 17 years at Marsh USA where he held a number of insurance broking and practice leader positions in cities across the U.S.
Cox, Beazley chief underwriting officer, said: "I am delighted to welcome Richard to Beazley. He brings a wealth of experience to our second largest division, including a deep understanding of both the U.S. and London property insurance markets."