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CRO Spurr to exit IGI for role at FTI Consulting

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IGI’s chief risk officer (CRO) Simon Spurr is to leave the carrier for a role with FTI Consulting, this publication can reveal.

Head of capital and exposure management Sunnie Luthra is also set to depart for the consultancy, sources said.

Spurr has worked in the insurance industry for almost three decades.

After 10 years at RSA, Spurr moved on to perform a number of consulting roles that saw him implement risk and capital management projects at Lancashire, R&Q, Liberty Specialty Markets and Fidelis. He has worked for IGI since August 2016.

Luthra joined IGI in October 2016 as a risk and capital actuary before being promoted to his present role in January last year.

He worked in actuarial roles in India, Singapore and Bahrain before joining Aon Benfield in London in 2011. Luthra has also worked at XL Catlin and Direct Line during his career.

During 2021, IGI has made several hires as it continues to expand following its $390mn reverse merger with Tiberius and its Nasdaq listing in 2020.

This year, it has recruited Emily Clapham from Fidelis to enter the contingency market; Agile Risk Partners’ former underwriting director Richard Foster as head of property, political violence and contingency; and Mapfre Middlesea’s Keith Mallia-Milanes to launch its Maltese subsidiary.

IGI declined to comment. FTI Consulting did not respond to a request for comment.

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