Montpelier US, a subsidiary of Montpelier Re Holdings has appointed Francis Lockwood as president of Montpelier Underwriting and member of the Montpelier US executive committee.
Mr Lockwood comes to Montpelier Underwriting (MUI) with over 25 years of experience in the reinsurance industry, having served most recently as senior vice president of Catlin Underwriting and as a member of the Catlin executive committee with responsibility for property treaty business.
Mr Lockwood also spent over 18 years at Trenwick America Re and left the company as chairman of the underwriting committee. He will be based in MUI’s office in Shelton, Connecticut and will be responsible for all of reinsurance business underwritten by MUI as a cover holder for Montpelier Re Syndicate 5151 at Lloyd’s.
MUI also appointed Michael Finnegan as senior vice president of Montpelier Program Management (MPM) with overall responsibility for the development and management of MPM business. Previously, Mr Finnegan worked at Odyssey Re, where he was vice president with casualty treaty. Prior to joining Odyssey, he spent seven years as an underwriter at Trenwick/Chartwell.
MUI also appointed John Dalton as senior vice president of the company. Mr Dalton will be the director of MUI’s direct property facultative division. He will oversee the development and operation of MUI’s large limit, excess of loss property facultative business, which currently has offices in Hartford, Connecticut and Kansas City, Kansas with an additional office expected to open in Chicago, Illinois by June, 2008.
Mr Dalton joins MUI following 16 years with Swiss Re, where he was responsible for brokered property facultative business for North and South America. In a career spanning almost three decades, Mr Dalton has also worked at Transatlantic and Munich Re.
Stan Kott, CEO of Montpelier US, said: Bud joining as president of MUI completes the executive team for our US operations. Bud is well known to our staff and the reinsurance community. We expect his underwriting expertise and business acumen will lead MUI on a straight, steady and conservative course to profitable growth.