Lloyd’s dealer and delegated authority specialist Endeavour Insurance coverage Providers has introduced the appointment of Karen Allen as its CEO designate. Allen will be a part of Endeavour in October.
Allen has spent practically 20 years as a dealer within the Lloyd’s market, specializing in worldwide specialty casualty insurance coverage. She’s going to be a part of Endeavour from Howden UK Group Restricted, the place she served as director for worldwide.
Along with her position as CEO designate, Allen will even take the position of group managing director. In that position, she’s going to assume duty for the mixed broking operations of SSL Endeavour following the merger with fellow Lloyd’s and impartial specialist marine dealer SSL Insurance coverage. The mixed companies, which can each be acquired by a fund suggested by personal funding agency J.C. Flowers & Co., will commerce as SSL Endeavour.
Allen will work alongside David Lawrence, Endeavour co-founder and present CEO, as Lawrence transitions into a brand new position as co-founder and president of the board of the mixed SSL Endeavour Group.
“We’re delighted that a person of Karen’s caliber and expertise can be strengthening the Endeavour administration staff at this pivotal second in our development,” Lawrence stated. “Whereas Karen’s underlying expertise is carefully akin to that of Endeavour, she’s going to deliver a brand new perspective to the enterprise which we’re very enthusiastic about.”
Endeavour and SSL safe merger deal
Endeavour Insurance coverage battles “hole” in cyber insurance coverage market
Supply hyperlink – https://www.insurancebusinessmag.com/us/information/breaking-news/endeavour-insurance-services-appoints-karen-allen-as-ceo-designate-105655.aspx