New non-executive chair joins ProRisk and Armada Underwriting

New non-executive chair joins ProRisk and Armada Underwriting | Insurance Business Australia

Insurance News

New non-executive chair joins ProRisk and Armada Underwriting

New hire boasts broad global background

Insurance News

By
Roxanne Libatique

MacCarthy joins the company with a broad global background, having most recently held the position of global product leader for casualty at Liberty Mutual’s Boston office.

New non-executive chair of ProRisk and Armada Underwriting

ProRisk CEO Hamish McDonald Nye emphasised MacCarthy’s leadership experience and expertise in portfolio management, strategy, and corporate governance.

“I am delighted to confirm the appointment of Noel MacCarthy as non-executive chair. Mr MacCarthy is an incredibly accomplished insurance professional, bringing an extensive experience and capability across leadership, portfolio management, strategy, and corporate governance,” he said.

He said that MacCarthy’s role will be instrumental as ProRisk continues its growth, focusing on delivering strong insurance solutions backed by solid capacity and in-house claims capabilities.

“He will play an integral role as ProRisk continues its rapid growth and focus on delivering outstanding insurance products backed by strong capacity and in house claims while making it easier for brokers to quote and bind on ProBind,” Nye said.

MacCarthy expressed enthusiasm about joining the company to support its initiatives and growth in the Australian market.

“It gives me enormous pleasure to join ProRisk to assist where I can. Hamish and the team continue their impressive and innovative product and service offering to the Australian marketplace. Their recent accolades for technical skills in both underwriting and claims, overall underwriting results, and outstanding client service are testimony to the quality of the people in the business,” he said.

Stewart transitioned from her 16-year career at Vero, where she gained substantial experience in building client relationships and business development.

In her role at ProRisk, Stewart focuses on identifying business opportunities, forging strategic partnerships, and managing client relationships to drive growth in these regions. Her addition is part of ProRisk’s broader strategy to boost its national footprint.

In a previous statement, Nye reiterated the company’s commitment to strengthening partnerships with brokers. He cited the company’s rapid expansion, supported by the ProBind platform and a range of new insurance products, as drivers of future growth.

Chris Varkoly, ProRisk’s head of business development and marketing, highlighted Stewart’s extensive market experience and strong broker relationships as assets to the team.