Jubilee chief in sudden departure

Jubilee Group Holdings (Jubilee) has announced that Andreas Loucaides, CEO of Jubilee Managing Agency, has left the business with immediate effect.

Mr Loucaides joined the Lloyd’s outfit from Catlin in 2008 as director of underwriting.

He was recently appointed to the board of the Managing General Agents’ Association. No reason was provided by Jubilee for the sudden departure.

Johnny Rowell, chief executive officer of Jubilee, said: "Andreas has played a key role in leading the transformation of Jubilee through to its acquisition by Ryan Specialty Group.

“He has worked closely with me throughout and I am grateful for his support in ensuring that the change of control process has been as smooth as possible.

“I would like to thank Andreas for his significant contribution and wish him every success for the future".

Commenting on his departure from Jubilee, Andreas Loucaides said: "It has been a pleasure to be part of Jubilee's journey and I will look on with interest as the business continues to develop and grow.

“Jubilee has a fantastic team and I am proud of what we have achieved.

“It has been a collaborative process with Johnny and I believe that Jubilee is now well placed to move on to the next level and realise its ambitions."

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• Topics
• Jubile Insurance
• XL Catlin
• Insurer
• Management