American International Group Inc. has named Charlie Fry as executive vice president, Reinsurance Purchasing and Risk Capital Optimization, effective July 31.

Fry will report to Peter Zaffino, AIG’s chairman and chief executive officer, and will assume responsibility for AIG’s reinsurance purchasing strategy and placement execution, as well as optimizing capital allocation in AIG’s property casualty business. In this role, he will work closely with Shane Fitzsimons, AIG’s EVP and chief financial officer, and Mark Lyons, EVP, global chief actuary and head of Portfolio Management.

Fry first joined AIG in 2017 as global head of Reinsurance Strategy and head of Global Portfolio Management for General Insurance. After departing AIG in 2020, he served as CEO of Acacia Holdings Ltd., a Bermuda-based capital investment company. He previously served as group CFO at Novae Group plc, a UK-listed specialty insurer, and, prior to that, was global chief operating officer at Guy Carpenter. In addition, he worked with Apax Partners on its investment in Travelex Group and, from 1999 to 2006, was a member of the senior management team of Benfield Group.

“I am very pleased to welcome Charlie back to AIG. The continued execution of our reinsurance strategy is essential to our progress toward becoming a top performing company,” said Zaffino in a statement. “During Charlie’s previous tenure at AIG, he played a key role in AIG’s underwriting turnaround and established a framework for reinsurance purchasing and risk and volatility mitigation efforts across our global portfolio. I have worked with Charlie for many years and am confident he will make significant contributions to AIG as we progress our deployment of capital and continue to improve our risk adjusted returns.”

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Universal Insurance Holdings Inc. has appointed Elizabeth Hansen as chief actuary. She will oversee pricing, reserving and co-lead risk monitoring enterprise-wide.

Hansen was previously senior vice president of Blue Atlantic Reinsurance Corporation, a wholly owned subsidiary of Universal. Prior to that, she was a managing director at Guy Carpenter, senior vice president at E.W. Blanch and held various actuarial roles at John Deere Insurance Group. Hansen is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries and has over 34 years of actuarial experience.

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Toronto-based cyber InsurTech BOXX Insurance has appointed Eric Newman as its chief operating officer and Steve Penney as chief technology officer.

Newman will support the development of BOXX’s strategic growth agenda, leading strategic planning, governance, legal and compliance functions. He will further strengthen BOXX’s leadership team as the company continues to scale globally.

Prior to joining BOXX, Newman held leadership roles at both publicly held and private companies, including PayPal, Simility, RiskIQ, Pindrop, RSA Security and Silvertail Systems.

Penney will lead BOXX’s technology and data strategy, championing BOXX’s product-led growth and market expansion.

Penney joins BOXX from Deloitte, where he led digital technology, commerce and transformation initiatives for many leading organizations. Prior to this, he led the Digital Transformation team at TELUS Communications, where he was responsible for the delivery, management and governance of TELUS’ digital consumer applications products and platforms.