Accredited Insurance Program Management has announced the appointment of Stuart McMurdo (pictured above) as president of Accredited UK & Europe.
In this new role, McMurdo will oversee Accredited’s operations across the UK and Europe and is set to become CEO of the company’s regulated entities, pending regulatory approval.
Prior to his time at SCOR, McMurdo held leadership positions at Santam, Hannover Re, Glenrand MIB, and Standard Bank.
McMurdo’s appointment is effective from October 1, and he will report to William Spiegel, CEO of Accredited. He will be based in the company’s London office.
This appointment also follows the hiring of Grace Meek as president of Accredited America earlier in the year, based in the company’s New York office.
Commenting on the appointment, Spiegel stated that the company is pleased to appoint a leader of McMurdo’s calibre to drive growth in the UK and Europe.
“Stuart has a deep knowledge of the UK and European markets as well as an impressive track record of driving strong underwriting performance and operational excellence. These factors make him a great fit for our business,” Spiegel said.
McMurdo noted the critical role program managers play in offering capital partners sustainable underwriting returns and providing managing general agents with stable long-term capacity.
He added that Accredited’s balance sheet strength, disciplined approach, and high-quality team position the company as a preferred partner in the UK and European markets.
Back in July, Accredited also announced it has been successfully purchased by Onex Partners.
As part of the deal, the program manager will continue to operate as an independent program management firm, writing more than US$2.1 billion in gross premium and serving Europe, the UK, and the US.
What are your thoughts on this story? Please feel free to share your comments below.
