Beazley brings former XL and Zurich veterans to bolster board expertise

Specialist insurer  Beazley has bolstered its board with the addition of two new independent non-executive directors who previously held top roles at XL Group and Zurich.

Fiona Muldoon will become a member of the Audit & Risk committee, and Cecilia Reyes will become a member of the Audit & Risk committee and the Remuneration committee upon appointment.

Muldoon has over 25 years of leadership experience in the insurance industry in London, Dublin and Bermuda with a background in international property & casualty insurance gained through a long career at XL, as well as more recent experience as a public company CEO with FBD Holdings, a listed general insurer in Ireland. Muldoon was also director of Credit Institutions and Insurance Supervision at the Central Bank of Ireland for three years.

She is currently serving as an independent non-executive director at Bank of Ireland Group where she is also chair of the Responsible & Sustainable Business committee and a member of the Audit, Remuneration and Nomination & Governance Committees. In addition to her role on the group board, Muldoon is an independent non-executive director and chair of the Audit Committee of New Ireland Assurance Company, a wholly owned Life insurance subsidiary of Bank of Ireland Group.

Reyes has over 25 years’ experience in banking and insurance covering Europe, Asia Pacific and the Americas. She served for eight years on the group executive committee at Zurich Insurance Group where she held roles of both chief investment officer and chief risk officer at different times during her tenure. Reyes is currently serving as a non-executive director of abrdn plc where she is also a member of the Risk & Capital and Remuneration committees. She is also a member of the supervisory board of NN Group NV where she is chair of the Risk committee and a member of the Remuneration committee.

Beazley’s chair David Roberts said: "I am delighted to welcome Fiona and Cecilia to the board of  Beazley plc. Both appointments are an excellent fit for the board and will further strengthen the board, bringing significant additional expertise to help us meet our strategic ambitions."

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