Morgan takes on key role at AWAC
Susan Morgan has joined Allied World Assurance Company as its senior vice president, Ceded Reinsurance.
In her new position, Ms Morgan will analyse Allied World's global book of business and purchase appropriate reinsurance across its business segments.
President and chief executive officer Scott Carmilani said: "We are pleased to welcome Susan as part of our global team. Her experience will serve as a valuable asset to Allied World and will better support our reinsurance buying practices."
Ms Morgan has 24 years of experience within ceded reinsurance and her previous experience includes holding similar positions within the ceded reinsurance arena.
From September 2004 until joining Allied World, Ms Morgan served as senior vice president, Ceded Reinsurance for ACE USA in Philadelphia, where she managed the ceded reinsurance unit in support of a $6.1 billion operation comprising the eight business units of ACE USA.
Ms Morgan graduated with a Bachelor of Science degree from Cornell University in 1982 and obtained her CPCU and Certificate in General Insurance in 1985.
The Staff Benevolent Fund of Conyers Dill & Pearman has donated $3,000 to Bermuda High School for Girls to help cover the purchase of a new SMART board.
Presenting the cheque, Ken Siggins, chairman of the Staff Benevolent Fund Committee, said: "We're very proud to support the Bermuda High School for Girls. We want to ensure that they have the best facilities available to learn."
The donation was to help cover the cost of a new SMART board for the schools developing information technology infrastructure.
Conyers Dill & Pearman recently donated a similar amount to Saltus Grammar School to help cover the costs of their SMART board.
Mr. Siggins, who is also the head of the IT department at Conyers Dill & Pearman, said: "It's very important that our children grow up as familiar and naturally well-versed in the use of technology to learn and explore as possible."
"The use of a SMART board in the classroom will allow the next generation to reap amazing results for the rest of their lives."
Wilbur L. Ross, Jr. has been appointed to the board of directors of Montpelier Re Holdings Limited. The appointment was effective upon the closing on June 28 of the additional 3,448,276 common shares of the company acquired by two investment funds managed by WL Ross & Company LLC.
Mr. Ross owns and controls WL Ross & Company and he organised the International Steel Group in April 2002 and was chairman of its board.
In April 2005, International Steel Group merged with Mittal Steel to form the largest steel company in the world.
Mr. Ross remains as a director of Mittal. In March 2004, Mr. Ross's firm organised International Textile Group (ITG).
He serves as chairman of ITG and is also Chairman of the Board of the Nano-Tex affiliate of ITG.
Mr. Ross serves on the executive committee of the New York City Partnership.
Mr. Ross holds an AB from Yale University and an MBA, with Distinction, from Harvard University.
Jeffrey Hughes has been appointed a director of the Scottish Re Group Limited.
Mr. Hughes is vice chairman and a founding partner of The Cypress Group, a New York based private equity firm established in 1994 with more than $3.5 billion in funds under management.
Prior to Cypress, Mr. Hughes spent 26 years at Lehman Brothers as a senior investment banker and merchant banker.
He joined Lehman in 1968 and became a partner in 1976. Mr. Hughes is a graduate of Wesleyan University and the Duke University Law School, where he is a member of the Board.
In addition, Mr. Hughes is chairman of the Duke Global Capital Markets Centre and a trustee of the Park Avenue Methodist Church Trust and The Battery Conservancy.
Scott Willkomm, CEO and president of Scottish Re Group Limited said: "We are very pleased to have Jeff join our board."
"His lengthy record of business accomplishments and many years of board experience across a range of industries will greatly benefit our company. We look forward to his guidance and contributions as a member of the Board."
The Cypress Group is Scottish Re's largest shareholder. Mr. Hughes will be replacing William Spiegel who left Cypress to pursue other interests earlier this year.