Enstar appoints former Validus exec as new StarStone CEO
Global specialty insurer StarStone Group has appointed John Hendrickson as its new group chief executive officer.
Hendrickson succeeds Demian Smith, who resigned in September 2018 after eight years at the company. Smith’s resignation came shortly after StarStone’s parent company, Bermuda-based run-off specialist Enstar, revealed that it was no longer selling the specialty carrier.
Hendrickson most recently served as director of strategy, risk management and corporate development of Validus Group and as a member of the Validus board of directors until its acquisition by AIG in July 2018.
“In John, Enstar and Stone Point Capital have identified a proven industry veteran who provides immediate strong leadership and strategic direction to StarStone,” said Dominic Silvester, Enstar CEO. “StarStone remains a key part of the Enstar Group, and we are confident in John’s ability to optimise the business moving forward as a distinguished, multi-platform specialty insurer.”
Hendrickson said: “StarStone is at a pivotal point in its development, and I look forward to working with the team here to unlock the potential that exists for StarStone and our clients. Despite prevailing pricing, geopolitical and regulatory challenges, StarStone has good fundamentals and opportunities for profitable growth, and we will look to further solidify and advance our global offering while positioning the business for the future.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
Progressive expects up to $120m loss from hurricane Michael
Fairfax awarded $11m in alleged stock manipulation case
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze