Beazley picks Zurich's Richard Montminy as new global head of property

Specialty insurer Beazley has appointed Richard Montminy as global head of its property division, succeeding Mark Bernacki who stepped down from the position at the end of April after 13 years at the company.

Montminy joins Beazley from Zurich North America where he most recently served as head of property for the US commercial insurance operation. Prior to that, he spent 17 years at Marsh USA where he held various insurance broking and practice leader positions in cities across the US.

Montminy will be responsible for developing Beazley’s global property strategy and will lead property teams based across the US, the UK (including at Lloyd’s) and Singapore. He will report to chief underwriting officer Adrian Cox and join Beazley’s executive committee.

Cox said: “I am delighted to welcome Richard to Beazley. He brings a wealth of experience to our second largest division, including a deep understanding of both the U.S. and London property insurance markets.”