Beazley names head of property division

Richard Montminy joins executive team...

Beazley has appointed Richard Montminy as global head of the company’s property division with effect from 20^th May 2019.

Mr Montminy brings more than three decades of experience in commercial property insurance in senior underwriting and broking roles.  He joins Beazley from Zurich North America where he most recently served as head of property for the U.S. commercial insurance operation. Before joining Zurich four years ago, he spent 17 years at Marsh USA where he held various insurance broking and practice leader positions in cities across the U.S.

Mr Montminy will be responsible for developing Beazley’s global property strategy and will lead property teams based across the U.S., the U.K. (including at Lloyd’s) and Singapore. He will report to chief underwriting officer Adrian Cox and join Beazley’s executive committee. 

He succeeds Mark Bernacki who stepped down from the position at the end of April after 13 years at Beazley.

Adrian Cox, Beazley chief underwriting officer, said: “I am delighted to welcome Richard to Beazley. He brings a wealth of experience to our second largest division, including a deep understanding of both the U.S. and London property insurance markets.”