New Luxembourg chief executive will build CNA Hardy Europe operation
CNA Hardy has appointed Stuart Middleton as chief executive of its Luxembourg subsidiary.
Based in Luxembourg, Middleton will be responsible for building the operation in Europe. His first task is to form a new team comprising “comprising risk, finance and compliance” functions.
Luxembourg was a firm favouriate as a home for a Lloyd’s EU base post-Brexit, but the country was beaten to the task by Brussels.
He will report into CNA Hardy chief executive Dave Brosnan, who said: “Stuart has significant experience and a proven track record of building profitable businesses and highly effective teams, having held numerous leadership roles including Chief Underwriting Officer (CUO), Europe at Hiscox and most recently, CUO and Joint Managing Director of EXIN’s Wholesale Division, based in Barcelona.”
Brosnan added: “We are delighted that we can leverage both his underwriting expertise as well as his strong broker relationships to build out our proposition and capabilities across the Continent in this manner.”