Munich Re has further aligned its US based specialty primary insurance operations to create a more robust specialty insurance platform under the leadership of Doug Elliot, president and CEO of Hartford Steam Boiler (HSB).
The management teams of Munich Re-owned HSB and the Specialty Insurance Division, including American Modern Insurance Group and Munich Reinsurance America’s Specialty Markets unit, will report to Mr Elliot under this new structure.
Tony Kuczinski, president and CEO of Munich Reinsurance America, said: “This alignment will further promote resource sharing to better serve our business partners, and will allow us to more efficiently deliver new specialty products.
Although they will be more closely aligned, however, HSB and the Specialty Insurance Division will continue to be standalone business operations.
Doug Elliot has served as president and CEO of HSB Group, since July 2007. He joined HSB in January 2007 as president and chief operating officer for The Hartford Steam Boiler Inspection and Insurance.