Portland, Maine-headquartered MEMIC Group has appointed Eileen Moran Fongemie to the place of senior vice chairman and chief monetary officer.
Fongemie, who turns into solely the third CFO in MEMIC historical past, will even assume the function of company treasurer. Fongemie succeeds Dan McGarvey, who introduced his retirement final month after 13 years with MEMIC.
Fongemie joined MEMIC in 2007 and has served as vice chairman, Finance, since 2016. She rose from senior accountant in 2007, to monetary reporting supervisor in 2010, to director of Finance in 2014, and to vice chairman, Finance, and assistant treasurer in 2016, accountable for planning, route, and administration of the corporate’s monetary data underneath route of the CFO/
Previous to MEMIC, Fongemie was a senior monetary analyst for MaineGeneral Well being and spent 5 years in public accounting with BerryDunn.
Mulready Joins Navigators Wholesale Property Crew in Boston
Patrick Mulready has joined Navigators, a model of The Hartford, as head of the Wholesale Property unit. He will probably be based mostly within the Boston workplace and can report back to Michael Garrison, head of Navigators Wholesale.
Mulready has17 years of expertise, a lot of it within the extra and surplus market. He joins Navigators from Everest Insurance coverage the place he was vice chairman of Wholesale Property. Previous to that, he was at at AIG, holding a number of underwriting and management positions.
In his function with Navigators, a Mulready will probably be accountable for main the underwriting, development and strategic growth for the Wholesale Property enterprise.
MGA Falcon Hires Senior Leaders for Administration Legal responsibility, Cyber and Claims
Falcon Threat Holdings, a Summit, New Jersey managing normal company for monetary, skilled and cyber strains, introduced three new senior appointments to its crew: David Lynders joins as head of Administration Legal responsibility; John Service provider joins as head of Cyber & Expertise E&O; and Martin Schnabel as head of Claims.
Falcon Threat was fashioned in 2021 by business veteran Craig Landi, alongside Griffin Highline Capital and HDI World Specialty. The corporate began underwriting danger in January 2022.
Lynders joins from AIG, the place he held a lot of senior roles, together with head of Monetary Establishments, Monetary Strains North America. Previous to that, he held senior positions at Axis Capital Holdings and Marsh and has 25 years’ insurance coverage market expertise.
Service provider joins Falcon from Optio Insurance coverage Providers the place he was managing director for Cyber & Expertise, North America. He has held a number of senior roles in cyber underwriting and product growth, together with at Hartford Monetary Merchandise and Nationwide.
The pinnacle of Claims, Schnabel, has 30 years of expertise available in the market and has carried out in varied authorized features and senior claims roles. He was at Nationwide E/S Specialty for the final 12 years, most just lately as chief claims officer, and beforehand he was at AEGIS Insurance coverage Providers.
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