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Miller promotes James Palms to CEO

Impartial and personal fairness funded broking group, Miller, has revealed that James Palms will take over as Chief Govt Officer (CEO) of the insurance coverage and reinsurance dealer, succeeding Greg Collins.

Efficient January 1st, 2023, Palms assumes the CEO position from Collins because the latter turns into Chair of the Partnership Board, changing the retiring Graham Clarke.

Till the adjustments happen subsequent, which provides time for a easy transition of duties, Palms will grow to be CEO Designate of the re/insurance coverage broking group.

At the moment, Palms serves as Joint Head of Particular Dangers at Miller and as a member of the Group Govt Committee. He joined the dealer in 2015 from Aon, the place he held the position of Managing Director for Europe, Center East, and Africa.

Palms’ predecessor, Collins, was named CEO of Miller in 2017, having joined the agency in 2004 to move up its skilled dangers enterprise.

Clarke was named Chair of the Partnership Board in 2017, and beforehand served as CEO of Miller from 2000 to 2016, having joined the agency in 1982.

“Miller has been lucky to have had a really excellent CEO in Greg, he has efficiently overseen the enterprise’ return to independence whereas constructing on the tradition and values which have all the time made this organisation particular. I’ve little question that James shall be an ideal successor to Greg and am proud to have the ability to retire from my position as Chair of the Partnership Board with the enterprise in such advantageous form,” mentioned Clarke.

These days, Miller has been constructing out its Bermuda reinsurance broking operations, including experience with a historical past in broking to insurance-linked securities (ILS) funds and collateralized markets.

Most just lately, Miller confirmed the rent of John Duda, an skilled govt with a retrocession, industry-loss guarantee (ILW) and ILS fund background.

Collins commented: “It’s an thrilling time for Miller and, as we glance to speed up our formidable enlargement plans, now could be the precise time for James to step into the position of CEO. In the previous few years James has been chargeable for overseeing a few of our key development areas and has been intently concerned in a lot of the strategic hires and acquisitions we have now made just lately. His power, ardour for what we do, and data of our tradition make James a pure match. He shall be supported by each a wonderful senior management group and the excellent expertise we have now all through our enterprise.

“I might additionally prefer to thank Graham. After 40 years at Miller, his affect and legacy can’t be overstated. He has been central in serving to create the enterprise we’re right now, and I do know I, like many others, have tremendously benefited from his knowledge, path and expertise.”

CEO Designate, Palms, added: “Miller is a improbable enterprise, and I’m delighted to be appointed to the position of CEO at a time when we have now a lot alternative forward of us. It’s my perception that Miller’s client-first tradition and longstanding heritage as one of many main manufacturers out there offers us a singular platform from which to ship on our strategic development plans. With assist from our shareholders, we are going to proceed to spend money on the expertise and capabilities wanted to ship these plans as we glance to additional scale our providing in Europe, Bermuda and Asia.

“I’m additionally happy that we are going to proceed to profit from Greg’s perception and steerage as our new Chair and look ahead to persevering with to work intently with him.”

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