Weekly wrap: Brokerage adds to board

Weekly wrap: Brokerage adds to board | Insurance Business

Weekly wrap: Brokerage adds to board
Brokerage promotes managers to board members
GSA has appointed three divisional managers to board of directors.
Peter Hogan, James Telford, Scott Curley and Nicole Mellick will join chairman Dr. John Hewson, and owner and CEO Paul Hines in leading the organisation forward.
The board will assume responsibility for the GSA Group of Companies.
Allianz Global Assistance promotes GM to CTO
Allianz Global Assistance has appointed Matthew Clayton as the new chief technical officer (CTO) to manage product, underwriting and actuarial functions.
Clayton was previously the general manager of domestic property for Allianz Australia and started his new position with Allianz Global Assistance at the beginning of February.

His extensive experience has seen him lead a range of Underwriting teams, including a Group posting as the head of underwriting, Global P&C for Allianz SE, Munich from 2008 to 2011.
Clayton’s key focuses in 2014 are to help the product, underwriting and actuarial teams continue their review of client performance while supporting our business to deliver revenue and profit targets.

Global brokerage snaps up US firm
US Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh LLC, has acquired California-based Barney & Barney for an undisclosed sum.

Barney & Barney provides insurance, risk management, and employee benefits solutions to businesses and individuals throughout the US and abroad and has an annual revenue of $100m.
Former Bank of Scotland exec to head up U.K. RSA
Stephen Hester, the former chief executive of bailed-out lender Royal Bank of Scotland, has been appointed CEO of troubled U.K. insurer RSA.

Hester takes up the new role immediately, replacing Simon Lee, who quit in December after accounting irregularities at RSA's Irish arm and weather-related claims forced the group to issue three profit warnings within six weeks.

RSA said its chairman Martin Scicluna – who has held the role on an interim basis since Lee departed following a run of profit warnings and a probe into accounting issues at RSA's Irish arm – will return to his usual role.