19 July 2018Insurance

IAT hires reinsurance head from Aspen as Miller retires

US-based IAT Insurance Group has hired Donna McDermott as head of IAT Reinsurance (IAT Re) to succeed senior vice president Jim Miller who plans to retire on March 1, 2019.

McDermott joins IAT Re from Aspen Re America where she most recently served as senior vice president and head of national accounts treaty North America, and prior to that, was senior vice president and head of specialty casualty.

Previously, McDermott spent 20 years at XL Reinsurance America where her career advanced steadily from underwriting officer and property underwriter to senior vice president and Eastern regional manager. She spent her early career at General Reinsurance and Conning and Company, respectively.

McDermott will report to IAT CEO Bill Cunningham and will be based in the company's Connecticut office.

IAT said Tim Madden, managing director, will also retire in 2019. As part of the unit’s succession planning and future sustainability, IAT Re appointed Chris Bilski to the team in May 2018.

Cunningham said: “IAT Re has an impressive track record of success largely due to Jim and his team’s unwavering focus on sustainable underwriting profitability, integrity and responsiveness. When Jim shared his plans to retire, we wanted to find the best leader to assume the role and benefit from his counsel through the transition.”

“Donna is an underwriter who brings more than 30 years of experience, including more than 20 years of leadership experience in both facultative and treaty reinsurance. We are confident she will continue to build upon the strong foundation Jim and his team have established for IAT Re,” he added.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Willis Towers Watson extends CEO contract

RLI absorbs Hawaii volcanic event in Q2

Generali sells €409m stake in Guernsey, Irish businesses

Markel gains German insurance licence; seeks EEA growth

Liberty taps AIG duo to expand liability team

Guy Carpenter appoints new head of South East Asia and Korea

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
16 October 2019   IAT Insurance Group, a provider of specialty property and casualty products, is expanding its product offerings with the formation of a new management liability business unit. It will be led by John Passaro who brings more than 28 years of experience in the insurance industry, including extensive experience with management and professional lines.
Insurance
4 November 2019   Industry veteran Steve Assennata has joined IAT Insurance Group, a provider of specialty property and casualty products, as chief underwriting officer (CUO) of its programs unit.
Insurance
7 January 2021   The company is set to bring its management liability products to the market.