Hannover Re has appointed Rodman Fox as chief executive officer of Clarendon Insurance Group, Hannover Re's wholly owned specialty insurance operation.
Steven Najjar, who has served as Clarendon's CEO for the past 16 months, has been appointed CEO of Hannover Finance.
Fox joins Clarendon from Benfield where he served as CEO of the company's US operations, growing the business from approximately $20m to $250m in revenue over a five year tenure. Most recently, Fox helped launch the company's corporate risk insurance brokerage business.
Rod Fox said: "Having worked closely with Clarendon for over 15 years, I believe in the immense potential that this organization offers. Today, Clarendon is a $2bn company with roughly $1bn of capital, strong parental support in Hannover Re, a market-leading core business of partnering with managing general agents, and clear momentum in its specialty initiatives.
"I am delighted to lead an organisation with such tremendous upside and look forward to leveraging this platform to capitalise on the clear market opportunities that exist today."
