FM, a business property insurance coverage firm, has named Lyndon Broad as its new govt vice-president of workers insurance coverage operations.
In his new function, Broad will head FM’s core insurance coverage operations, which embody underwriting, analysis and engineering, claims, knowledge analytics and AI, in addition to international consumer providers, gross sales and advertising and marketing.
He’ll tackle the brand new function on 1 December 2024.
Broad has been working at FM for greater than three many years, having held varied workers and operations roles throughout Asia, Australia, the US and the UK.
He was latterly the corporate’s senior vice-president, chief underwriting officer.
Within the new function, Broad will substitute Randy Hodge, who has been appointed as FM’s COO.
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FM CEO and chairman Malcolm Roberts mentioned: “Lyndon brings intensive operations and administration expertise with FM, together with senior operations roles in all of our key disciplines and geographic areas. He’s the proper match to guide our workers insurance coverage operations group and guarantee we proceed delivering best-in-class providers for our purchasers to handle present and future dangers.”
Final month, FM introduced a $400m resilience credit score, aimed toward aiding purchasers in investing in local weather resilience measures.
This credit score marks the third of its variety, bringing the whole supplied to greater than $1bn because the programme started in 2022.
The initiative is a part of FM’s response to the rising frequency of utmost climate occasions such because the catastrophic hurricanes within the south-eastern US.