suzanne-fetter-vice-president-of-claims-concert-group-holdings
3 February 2022Insurance

US fronting start-up Concert hires former AIG director to head claims

US-based  Concert Group Holdings, a new business dedicated to insurance fronting, has hired a former AIG director to the newly-created position of vice president, claims.

Suzanne Fetter (pictured) has almost 30 years’ experience in property/casualty and general insurance, including at AIG and Greenlight Re.

For the last six years, she has been providing reinsurance and claims consulting services to clients at Aurigon Advisors, based in Zug, Switzerland, and Milliman Consulting in the US. Prior to that, she held the position of Director, Reinsurance at AIG where she oversaw reinsurance accounting operations and reporting of a multi-billion dollar long-tail commercial insurance transaction with National Indemnity Co, a Berkshire Hathaway subsidiary.

Other recent positions include VP of claims at Greenlight Re in Grand Cayman and senior vice president, claims, as well as head of office at Alea North America.

Commenting on the appointment, Concert CEO Jonathan Reiss said: “I’m delighted to welcome Suzanne to the Concert team. Given the robust pipeline of business we have established, supported by our admitted carrier ( Concert Insurance) as well as our excess and surplus lines carrier ( Concert Specialty), this role is key to providing the client-centric service that Concert is committed to. As a highly respected attorney and insurance executive, Suzanne brings the right credentials to a critical role at Concert. She’s going to be a great fit on our team.”

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15 December 2021   It had secured $100m in capital to fund its growth as a US insurance fronting business.
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21 October 2021   The company's chairman believes it is an opportune time to launch a fronting business amid favorable market conditions.
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19 August 2022   Experience in captives and alternative risk are ‘well aligned’ with Concert’s next steps.