Stuart Middleton, CEO of CNA Hardy in Luxembourg begins recruiting following regulatory approval from CAA.
Photo: CNA Hardy.
Insurer CNA Hardy has announced that it has been granted regulatory approval from the Luxembourg insurance sector regulator (CAA) for its new European subsidiary.
According to a recent communiqué, “CNA Hardy chose Luxembourg as the optimum jurisdiction for its European Union base due to its geographic location between three of its continental European offices, its stable economic and political environment and the professional approach of the Luxembourg regulator.”
Dave Brosnan, CEO, CNA Hardy said: “Our preparations for Brexit are firmly on track. The granting of our Insurance Company License by the Luxembourg regulator is an important milestone for us. It ensures continuity and certainty for our brokers, customers and our staff. We are committed to developing our European operations and our new European subsidiary, head officed in Luxembourg will enhance our ability to do just that.”
Stuart Middleton, CEO of CNA Hardy in continental Europe, has already begun to recruit his local management team. Recent appointments include Bertrand Mohr, chief risk officer, and Amandine Motte, chief financial officer.
Middleton said: “I’m delighted to welcome Bertrand and Amandine to the team. Both bring a wealth of experience and dynamism to CNA Hardy and their deep knowledge and expertise of the local and wider European market place will prove a significant asset in the months and years to come.”
Before CNA Hardy, Motte held senior management roles at Swiss RE and Deloitte, and Mohr served as chief risk officer most recently at Dare Holdings.