One insurer has made wholesale changes to its executive committee that include three new appointments.
“These appointments accentuate the depth of HSB BI&I’s engineering, financial, underwriting and marketing expertise,” says John Mulvihill, president and chief executive officer of The Boiler Inspection and Insurance Company of Canada (HSB BI&I).
The appointments include David Picot, who is now the chief operating officer and corporate secretary; Mark Moore, who has been appointed chief financial officer and vice president; and David Pivato, who has been tapped for vice president.
In his new role as vice president, Pivato will continue to be responsible for HSB BI&I’s underwriting functions and reinsurance risk management program. His appointment reflects expanded responsibility for supporting the underwriting of new products and renewable energy.
Pivato is a professional engineer, holds a Canadian risk management designation, is a fellow chartered insurance professional, member of the executive committee of the Canadian Boiler and Machinery Underwriters
With 20 years of accounting and finance experience in the insurance industry, Moore has held various senior management roles, including the positions of vice president reinsurance and corporate controller. Moore holds a bachelor of arts in economics from the University of Western Ontario and a chartered accountant designation from the Chartered Professional Accountants of Ontario. (continued.)
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Picot will be overseeing the company’s commercial brokerage channel through its national network of branch and regional offices, its reinsurance assumed business, and new strategic products. He has been an officer of HSB BI&I since 2004 and has held various executive roles, including responsibility for underwriting, claims, engineering and inspection. He assumed the role of corporate secretary in 2007 and was promoted to senior vice president in April 2012
Picot most recently held the position of chief financial officer, and holds a BA from the University of Western Ontario and is a fellow chartered insurance professional.
HSB B&I is a part of
Munich Re.
