Accredited appoints new President for UK and European offices

Accredited Insurance Program Management has announced the appointment of Stuart McMurdo (pictured above) as President of Accredited UK & Europe.

In this new role, McMurdo will oversee Accredited’s operations in the UK and Europe and, subject to regulatory approval, will become CEO of the company’s regulated entities.

McMurdo brings extensive experience to the role, most recently serving as CEO of SCOR’s global reinsurance business. His career at SCOR has also included senior roles such as Regional Head of SCOR P&C for EMEA and CEO of SCOR UK and the SCOR Syndicate at Lloyd’s.

Prior to SCOR, McMurdo held senior management positions at Santam, Hannover Re, Glenrand MIB and Standard Bank.

McMurdo’s appointment is effective October 1 and he will report to William Spiegel, CEO of Accredited, and will be based in the company’s London office.

This appointment also follows the hiring of Grace Meek as President of Accredited America earlier this year, based in the company’s New York office.

Commenting on the appointment, Spiegel said the company was delighted to appoint a leader of McMurdo’s calibre to drive growth in the UK and Europe.

“Stuart brings extensive knowledge of the UK and European markets, as well as an impressive track record of driving strong underwriting performance and operational excellence, making him an excellent addition to our business,” Spiegel said.

McMurdo emphasized the critical role program managers play in delivering sustainable underwriting returns to capital partners and providing stable long-term capacity to managing general agents.
He added that Accredited’s balance sheet strength, disciplined approach and highly skilled team made it a preferred partner in the UK and European markets.

Under the agreement, the program manager will continue to operate as an independent program management company, writing over $2.1 billion in gross written premiums and serving Europe, the UK and the US.

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