Allied World board member steps down

Scott Hunter is set to step down from Allied World Assurance Company’s (AWAC) board of directors at the end of April.

Following his retirement, the board will include seven directors.

Hunter joined the board in March 2006 and during his tenure has served as the chair and co-chair of the audit committee and as a member of the compensation, enterprise risk, investment and nominating & corporate governance committees.

He will remain on the board of directors of AWAC (Europe), the company’s Irish insurance subsidiary.

Scott Carmilani, AWAC president, chief executive officer and chairman of the board, said: “Scott Hunter’s industry knowledge, and particularly his insights into corporate finance and accounting matters, contributed valuably to our Board discussions, and we’ll miss his advice and wisdom along the way.

“He played an important role in our development during a period which included our initial public offering and our growth into a global specialty insurance and reinsurance company. We thank him for his service.”