Several insurance companies are making notable changes to their leadership teams. These moves aim to strengthen their operations and enhance their expertise in important areas like property, construction, and employee benefits.
The Hanover Insurance Group has appointed Richard W. Lavey as its first Chief Operating Officer. In this new position, Lavey will focus on developing the company’s business strategy and improving the collaboration between its business and technology teams. He brings over 35 years of experience in both insurance and technology, which will be valuable in his role.
AXA XL has also made a significant hire, bringing in Lindsay Hermann as the head of property for its Central zone. With more than 22 years of experience in property underwriting, Hermann will lead a regional team that addresses complex property risks. Her leadership is expected to help clients better manage concerns related to extreme weather and natural disasters.
In another development, RT Specialty has promoted Heidi Burke and Jayden Johnson to assistant vice president roles at its Hamilton, New Jersey office. Burke has been with the company for over a decade and has played a key role in its growth in Florida. Johnson, who joined in 2022, specializes in environmental risks. These promotions reflect the company’s commitment to expanding its capabilities.
BenefitMall is expanding its Midwest sales team by appointing Tara Bell as a broker sales executive. With 22 years of experience in the insurance industry, Bell will support brokers across 13 states and help enhance BenefitMall’s presence in the individual and Medicare markets.
Lastly, Allianz Commercial is expanding its U.S. construction team by adding five new professionals to support its growing Master Builder’s Risk portfolio. Among the new hires is Kristen Hoskinson, who will serve as the executive underwriter team leader. This expansion comes in response to increased infrastructure spending and a rising demand for construction-related insurance.
These strategic appointments and expansions highlight the insurance industry’s ongoing efforts to adapt and grow in a changing market.