![]() ![]() He began his career in financial services with various companies including Neuberger Berman, JP Morgan and Price Waterhouse. Prior to that, he spent nearly 16 years with Zurich Insurance Group in various leadership positions, including Group Head of Planning and Performance Management, CFO for General Insurance and Global Life CFO. Burnet comes to Sompo International from Partner Re where he most recently served as CFO. I thank him for his exceptional contributions and am pleased he will remain with us to support the transition process and to consult with me on various strategic initiatives.” “Mike has been integral to the growth of our organization and has played a key role in bringing us to where we are today. “It has been a great pleasure working with Mike since I joined Sompo in 2021 and I’ve seen up close his dedication and passion to lead with our core values and put our people, clients and trading partners at the center of everything we do,” James Shea said. Burnet takes over from Michael McGuire, who after 20 years with Sompo International, formerly Endurance Specialty, has decided to step down from his role as CFO. Burnet reports to James Shea, CEO for Sompo International, and is based in Boston, Massachusetts. No further details are available on Szakmary’s resignation and it’s not known whether he has left the company entirely at this time.PEMBROKE, Bermuda, Ma(GLOBE NEWSWIRE) - Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance, has named Nicolas Burnet as new Chief Financial Officer (CFO) and member of the executive team, effective March 7. Del Col has been the General Counsel and Secretary of Endurance since 2003. McGuire has been with Endurance since 2003 and held the role of CFO since 2006, a role he will continue in alongside his new leadership at Blue Capital.Īlso announced today is a new director for the New York Stock Exchange listed Blue Capital Re, with John V. ![]() McGuire has had executive responsibility for and has been a director of Blue Capital, as well as bein Chairman of the Board for Blue Capital Reinsurance Holdings Ltd. stock exchange listed reinsurance company Blue Capital Reinsurance Holdings Ltd. Szakmary’s resignation was effective as of 21st April 2017 and McGuire has taken over as CEO of the investment manager, as well as of the firm’s U.S. Szakmary had previously been the portfolio manager and underwriting director for the Blue Capital vehicles. Szakmary became CEO of Blue Capital back in 2015 after its founding CEO Bill Pollett resigned, not long after the acquisition of reinsurer Montpelier Re which had been the founding owner of Blue Capital and its various collateralized reinsurance vehicles. McGuire is the current Chief Financial Officer of Bermuda insurance and reinsurance firm Endurance Specialty Holdings Ltd., which owns ILS manager Blue Capital Management and is a wholly owned subsidiary of Sompo Holdings, Inc. after Adam Szakmary resigned from all his executive positions and directorships with the company. McGuire has been appointed Chief Executive Officer of insurance-linked securities (ILS) and third-party reinsurance capital manager Blue Capital Management Ltd. ![]()
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