Allied World Assurance Company has announced that Jim Duffy will retire from its Board of Directors, effective as of April 19, 2016.
He will not be a nominee for re-election at the re/insurance company’s 2016 Annual Shareholder Meeting, which is scheduled to occur on the same date.
Following Duffy’s retirement, the Board will include eight directors. Duffy joined the Board in July 2006 and during his tenure had served as the chair of the Enterprise Risk Committee and as a member of the Audit, Compensation, Executive and Nominating & Corporate Governance Committees.
“Jim Duffy’s extensive expertise and experience in the insurance and reinsurance industry have made immeasurable contributions to our Board and committee discussions, and we’ll miss his advice and wisdom,” said Scott Carmilani, president, chief executive officer and chairman of the Board, at Allied World.
“He has played a significant role in our development and growth into a global specialty insurance and reinsurance company. We thank him for all of his contributions.”
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