DUAL North America replaces CEO
DUAL North America said on Oct. 6 that Justin Tweedie will be succeeded as CEO by Jon Beckham effective January 1, 2018.
DUAL is the underwriting division of insurance group Hyperion which also operates broking divisions.
Tweedie will assume the role of chairman of the board of directors. Beckham will also join DUAL Group’s regional management board.
Beckham joined the company in 2013 and has taken on increasingly senior roles including responsibility for marketing and new business development and, in more recent months, has been responsible to the DUAL North America Board for oversight of operational support teams.
Beckham joined the company with over 20 years of insurance industry experience across both MGAs and insurance carriers.
Tweedie has been with the company since its inception in 2004 and has held the title of president and CEO for over ten years. He has led the company’s growth through several acquisitions as well overseeing the transition of the US group following its purchase by Hyperion in 2013. At the same time as it announced the CEO change, DUAL North America said that it has reached a milestone, passing $300 million gross written premium (GWP).
Tweedie commented: “Jon has played a key role in the past three years in developing our long-term goals and I am confident he will be a strong leader as we execute our strategy in our next stage of development. I look forward to working with him as he transitions into this new role.”
David Howden, CEO of Hyperion, said: “I am delighted for the business as they celebrate reaching this milestone. Under Justin’s leadership, since they joined the group in 2013, they have trebled their GWP by joining with quality teams and expanding their strategic carrier partnerships. It is an impressive story and I am excited for the future of DUAL North America.”
Get the latest re/insurance news sent to your inbox every day - Sign up to our free email newsletters
Lancashire expects up to $212m in nat cat losses
RGA CEO optimistic about growth opportunities
Lloyd's signs AI deal with Expert System
Willis boosts insurance consulting and tech with Travelers, LV= hires
NA nat cat events to cost SCOR €430m
Category 1 Hurricane Nate makes landfall in Mississippi
Everest Insurance NA taps Chubb exec as deputy chief underwriting officer
Acappella Syndicate appoints war, terrorism and political violence leader
