Global program manager Accredited Insurance Holdings (Accredited) has announced the appointment of Neil McConachie (pictured above) as chief risk and capital officer.
McConachie will officially assume the position on October 14, working from the London office and reporting to William Spiegel, CEO of Accredited.
McConachie brings substantial industry experience, having served as group CFO of Fidelis Insurance and group president of Lancashire, where he also held the roles of CFO and CRO. He was a founding member of the management teams at Fidelis, Lancashire, and Montpelier Re.
Spiegel commented on McConachie’s appointment, stating that they had worked together at Montpelier Re, Lancashire, and Fidelis, and that McConachie’s extensive leadership background will contribute to Accredited’s ongoing growth.
“His track record as a leader in growing insurance companies means he will bring valuable experience to Accredited as we continue our strategy to be the independent global program partner of choice. Neil has spent much of his career in underwriting-first businesses, and his expertise is a strong fit for Accredited given our focus on rigorous underwriting standards and risk management,” Spiegel said.
McConachie said he was eagerly anticipating working with Spiegel again and contributing to Accredited’s operations.
“I have been impressed by Accredited’s success in building a well-diversified insurance portfolio, and its partner MGAs’ strong performance has attracted a blue-chip reinsurance panel. I believe Accredited is well-positioned for success with an experienced management team, strong operational platform, robust capital base, supportive long-term ownership, and the ability to work with partners across the US, UK and Europe. I’m looking forward to getting started,” McConachie said.
McConachie’s appointment follows a series of strategic hires aimed at bolstering Accredited’s leadership team. In August, the company named Stuart McMurdo as president of Accredited UK & Europe.
McMurdo, who will officially begin his role on October 1, is tasked with overseeing the company’s operations across the region. He is also set to become CEO of Accredited’s regulated entities, subject to regulatory approval.
Accredited, which operates in the US, UK, and Europe, has been steadily building its management team as part of its goal to become a preferred global program partner.
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