Clem Booth joins boards of Hyperion and DUAL
Clem Booth, formerly a senior executive with Allianz, Munich Re and Aon Re, has been appointed as non-executive chairman of DUAL, the underwriting arm of insurance group Hyperion. He will also become a non-executive director on the board of Hyperion.
Luis Muñoz-Rojas, founder of DUAL, will step down as chairman of DUAL but remains as a non-executive director on the boards of both DUAL and Hyperion.
Booth was a member of the board of management of Allianz and chairman of the boards of Allianz UK and Allianz Global Corporate and Specialty until his retirement from the company in December 2014. He held a number of other positions, including chairman of the Allianz Group Global Underwriting Committee and director of Allianz Australia, during his tenure with the company.
He is currently chairman of Euler Hermes, the global credit insurer based in Paris, and he is a non-executive director on the boards of Sanlam and Santam in South Africa and the board of Allianz Ireland.
David Howden, chief executive officer (CEO) of Hyperion, said: "I am extremely proud that Clem has chosen to join us. He brings a huge depth and breadth of experience from both underwriting and broking to DUAL, the world’s largest international MGA, including almost a decade in senior board and management positions with Allianz, the world’s largest insurer.
“In particular, his passion for attracting and developing people fits very well with our quest to be the natural home for the industry’s entrepreneurs.”
Shane Doyle, CEO of DUAL Group, commented: “In a fast-changing market Clem will be the perfect Chairman to guide DUAL and ensure that we remain at the forefront of service, distribution, product and technological development as well as disciplined underwriting.”
Booth said: "DUAL is a leading light of the managing general agent (MGA) sector and MGAs are one of the fastest growing sectors in our industry, being at the forefront of distribution and the highest quality underwriting. I look forward to being a part of that future.
"As for Hyperion, it offers the industry's talent a different way and I am very pleased to join the Board. I look forward to helping the Group deliver its ambitious and exciting plans."
