Gavan, President & CEO of Economical Insurance, to Retire December 2016
The board of directors of Canada-based Economical Insurance announced that Karen Gavan will retire as president and CEO and director at the end of her contract on December 31, 2016.
Gavan joined the board of Economical Insurance in 2008 and assumed the role of president and CEO in 2011. As initial Chair of the Special Committee on Demutualization she spearheaded the decision to proceed with demutualization and then as CEO she successfully led the company through a period of transformational change.
The board of directors will conduct a process to select Gavan’s successor. Gavan will continue to lead the company during this phase, with the full support of the board and the leadership team.
Samuel V. King was named as vice president, fraud investigations for EMPLOYERS. With 24 years of fraud investigations leadership experience and 10 years of law enforcement experience, King brings his expertise in the field of workers compensation fraud. This position will work under the senior vice president of claims.
A recognized expert in the area of workers’ compensation fraud, King served as past chairman of the California Workers Compensation Institute’s (CWCI) Anti-Fraud Committee, founding member of California Department of Insurance Fraud Division Anti-Fraud Advisory Committee and former chairman of the California Department of Insurance committee on SIU training.
King, a licensed private investigator, will be based in Glendale, California.
American Modern Names Kleiner CEO
Andreas Kleiner has been named president and chief executive officer of Ohio-based American Modern Insurance Group, a subsidiary of Munich Re, effective May 1. He succeeds Manny Rios, who left the position in August.
Kleiner has served as a member of the board of management for ERGO International since 2007. The ERGO Group, also a Munich Re subsidiary, is one of the major insurance groups in Germany and Europe and offers health and life insurance, legal protection, travel insurance, property-casualty and direct insurance. Worldwide, the group is represented in more than 30 countries and concentrates in Europe and Asia.
Kleiner joined Munich Re as a fire engineer in 1993. From 1996 to 2003 he held leadership roles at the company’s Singapore branch. He then served as chief executive officer of Munich Reinsurance Company of Africa Limited until being named to his current position.
At ERGO International, Kleiner has been responsible for the company’s primary insurance operations in Asia – mainly India, Vietnam and Singapore – as well as Turkey and Greece.
Kleiner holds civil engineering and MBA degrees together with the associate of the Chartered Insurance Institute designation.
Peer to Peer Insurer Names Ariely Chief Behavioral Office
Lemonade, a global P2P insurance carrier, named Professor Dan Ariely as its chief behavioral officer.
Ariely is a professor of Psychology & Behavioral Economics at Duke University. He is the author of the New York Times bestsellers Predictably Irrational, The Upside of Irrationality, and The Honest Truth About Dishonesty.
Marsh Appoints Reeve as Head of First Party Claims, UK Specialties
Marsh announced the appointment of Gary Reeve as head of First Party Claims for its UK Specialties division effective immediately. Reeve will report to Ian Martin, head of Claims for UK & Ireland.
Reeve will act as a senior claims advocate for Marsh’s clients on large complex energy, property and construction claims, and will manage the claims teams for the Energy and Construction practices and Bowring Marsh, Marsh’s international wholesale placement broker.
Reeve joins Marsh from CV Starr, where he was International technical risks and casualty claims manager, encompassing onshore and offshore energy, chemical, petrochemical, power generation, construction ‘all risk’, erection ‘all risk’ and property claims. He joined CV Starr in 2008, and has over 30 years’ claims experience, including senior claims and loss adjusting positions at Catlin Underwriting Agencies Ltd and Xchanging.
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