Jubilee names top execs as takeover closes

Lloyd’s insurer Jubilee has named former Lloyd’s chairman Max Taylor as its executive chairman.

The appointment  follows the completion of Jubilee’s takeover by broking firm Ryan Specialty Group (RSG).

Ryan Specialty Europe’s managing director Johnny Rowell has been named Jubilee’s chief executive. Miles Wuller has joined the board as chief financial officer and Jonathan Matthews, previously chief risk officer of Liberty Syndicate Management has been appointed chief operating officer.

Malcolm McCaig has joined Jubilee’s board as an independent non-executive director.

“We believe there is a real opportunity in the specialty markets and Jubilee’s existing platform focuses on specialty insurance – specialties that we know,” RSG chairman and CEO Pat Ryan said in a statement. “This acquisition will allow us to introduce and support new products and programs in global markets in a meaningful way.”

Rowell added: “The Jubilee platform provides an excellent foundation for developing a world class risk-bearing organisation. We look forward to building on our long-standing ties in the Lloyd’s community to enhance market access to brokers and agents seeking specialty product offerings.”