Specialist Lloyd’s insurer Jubilee has appointed David O’Sullivan as Head of Life in a strategic move to grow its specialty life business.
O’Sullivan, who will be joining from Swiss Re where he is currently head of global life & health underwriting, will focus on the long-term development of a specialty life business across both underwriting and distribution.
The appointment follows a six month strategic review of the business and represents a key element in the long-term development of Jubilee’s specialty life proposition, across individual, group and affinity markets. O’Sullivan will work with both Jon Clarke, Active Underwriter for Jubilee’s Life Syndicate 779, and Nigel Hartley, Managing Director of Lutine Assurance Services.
Johnny Rowell, Chief Executive of Jubilee said: “David’s appointment represents an important strategic commitment for us as we look to build on our existing specialty expertise in both the underwriting and distribution of term life products.
“David brings considerable experience in the specialty life arena and will play a crucial role in enabling us to achieve our future aspirations.”
Commenting on his appointment, O’Sullivan said:” This class has experienced resurgence in recent years with Jubilee remaining at the forefront of underwriting and servicing in what continues to be a key growth area for Lloyd’s.
“Jubilee’s life underwriting and retail operations have established strong lead positions in their markets. But the business recognises the further opportunities exist to build a specialty proposition that reflects the changing demands of this market and to be part of this next phase of growth is an exciting challenge.”
O’Sullivan has held several senior Life & Health roles in underwriting, business development and strategy for Swiss Re over the last 24 years. He has worked in over 25 countries and was Head of Life & Health Strategy for Europe and Asia, based in Zurich, before becoming the CEO of Swiss Re’s African operations based in South Africa. He returned to the UK in 2006 to take up his current role as Global Head of Life & Health Underwriting.
Jubilee Syndicate 779 underwrites term assurance products both within the UK and globally for private individuals, employees, corporate and affinity business. It has a stamp capacity of £27 million for the 2012 year of account.
Lutine Assurance Services is the retail underwriting and distribution arm of the Jubilee Group providing specialist life assurance solutions in the life and health market. Core products include group life benefits and individual keyman assurance.
