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The CEO’s accelerated exit could cost momentum, and shortens Tiernan’s odds of succeeding. -
He succeeds Wayne Peacock, who retires this year after four years of service.
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Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
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Alex Haines also previously held roles at WTW and Mapfre.
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In 2019, Shali Vasudeva left her COO role at Hiscox to join Axa UK & Ireland as COO.
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The Corporation’s CEO will run Aon Reinsurance Solutions.
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The upstream market is now in softening territory, with capacity still abundant.
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Simon Delchar will become global head of placement.
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The move means Lloyd’s will have a new chairman and a new CEO in the same year.
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The Swiss insurer will continue to write the class of business from its French office.
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The move marks a return to underwriting for Michelle Boyd, who worked at Axa XL and HDI.
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Julia Willberg joins from Hannover Re, where she has held several senior roles.
