Author: Louise Meeson
Source: Insurance Age | 11 Mar 2010
Categories: Insurer, Management
Tags: Solvency 2 | Asia | Europe | Ireland | Middle East | Alex Baugh | Chartis UK | Russia | Turkey
Alexander Baugh has been appointed to the newly-created position of president and CEO of Chartis Europe Holdings, which includes Chartis Insurance UK, Chartis Insurance Ireland and Chartis Europe SA.
James Shea, currently regional president for Chartis CECIS, will become managing director of Chartis UK and will be responsible for the operation within the United Kingdom.
In his new role, Mr Baugh will oversee the regional operations of Chartis in the UK and Ireland, Continental Europe, and the other EU countries currently part of Chartis’ Central Europe region.
Chartis said this will facilitate a pan-European solution for the preparation of Solvency II.
Julio Portalatin, currently regional president for Chartis Europe SA, will be taking up the new role of president of the emerging markets region – Chartis’ international operations in Latin America, the Middle East, Africa, South Asia, and the Commonwealth of Independent States (CIS) including Russia, Turkey, and other central European countries that are not members of the European Union.
These appointments will take effect shortly subject to all necessary legal and regulatory requirements being completed.
Charits said: "The new structure will not impact day to day contact with clients and brokers."
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