Advent hires FTI Consulting exec as CEO

Advent Insurance Management, the specialist provider of support services for delegated authority underwriting businesses and global claims third-party administrator (TPA) services, has appointed Jerry McArthur as chief executive officer (CEO).

McArthur will take up his new position after he has worked his notice at FTI Consulting, where he was senior managing director.

He has more than 25 year’s senior executive experience, gained in the UK, US and continental European insurance markets and is a specialist in transforming insurance service businesses through organic growth and acquisition.

“It gives me great pleasure to welcome Jerry as chief executive designate of Advent Insurance Management,” said David Hill, managing director, Advent.

“His vast experience will be of tremendous benefit to the Advent group and its customers. The delegated authority underwriting market is on the cusp of unprecedented change. The addition of Jerry’s expertise reinforces our ability to support the market through this transitional period with best-in-class services on a global basis.”

McArthur added: “Advent, through its offices in the US, Canada, Australia and the UK, has built an impressive capability that has been ideally positioned, both intellectually and geographically, to assist the vast majority of Lloyd’s coverholders.

“It has huge potential to grow in this specialist area by supporting delegated authority businesses and providing global claims TPA services at a time when the model is under considerable pressure. I look forward to working with the team to maximise Advent’s value proposition for the benefit of the delegated authority market on a global basis.”