Michael Garceau has been appointed as the chief financial officer and chief operating officer at Bermudian-based Fleming Insurance Holdings.

The company said the appointment rounds out Fleming’s executive leadership team.

As an experienced entrepreneur who takes a creative approach to business operations, Fleming said, Mr Garceau will play a lead role in facilitating Fleming's growth in technology and artificial intelligence.

Mr Garceau said: “As a professional who looks to creative and bespoke solutions, I see immense value in the team's cutting-edge machine learning and artificial intelligence programmes to further Fleming's capabilities and pave the way for technology in the reinsurance industry.”

Most recently, Mr Garceau founded the Garceau Agency, supported by Goosehead Insurance, to provide high-quality, affordable insurance for the Connecticut and Massachusetts areas.

Before that, he founded Apogee Properties, a start-up company with extensive and diverse commercial and residential real estate portfolios.

“Over the years, Michael has distinguished himself as a successful executive and entrepreneur, creating operating models across financial operations and claims to find solutions for clients and businesses,” said Fleming chief executive officer Eric Haller.

“We are thrilled to have him as a part of the Fleming team to expand our operational capabilities and support our expansion.”