Marketform restructures operations; management reshuffle
Marketform, the Lloyd's insurer majority owned by the US firm Great American Insurance Group, is undertaking a significant reshuffle of its executive operations to improve its "corporate governance".
The moves come as the insurer - founded by Holly Bellingham 21 years ago - expands beyond its core medical malpractice business into a number of new lines such as property, bloodstock and political risk.
As revealed in the November edition of The Insurance Insider, Randall & Quilter's chief operating officer, John O'Neill, will arrive in the New Year. Separately, Simon Turner, the CEO of the group, will also become the CEO of its Lloyd's managing agency, replacing Karen Sinden.
Sinden will leave the insurer in 2010 once she has helped "implement the corporate governance changes and to finalise several other projects which she is so ably managing", explained Bellingham in a 4 November letter to Marketform staff.
Other significant changes include the arrival of Canopius' Jacqui Hedges who is joining on the 1 December to become senior risk office while a newly created role of legal and compliance director will be occupied by Anne Durkin. The current company secretary Harry Nagra is leaving the company.
Another departure will be the chairman of the Lloyd's managing agency, the veteran Lloyd's underwriter Robin Jackson, who is stepping down to be replaced by John Mumford.
In her 4 November letter, Bellingham signs off: "By a strange quirk of fate, the announcements of these far reaching changes are being made today, 'Marketform's 21st birthday', which suggests to me the company has finally come of age!"