Weston Insurance promotes Deanne Nixon to CEO, as Lyons retires

Weston Insurance promotes Deanne Nixon to CEO, as Lyons retires

Weston Insurance Company, the Florida-headquartered domestic specialty home insurance provider with a concentrate on disaster and in specific wind-exposed homes, has actually promoted Deanne Nixon as its new Chief Executive Officer, with its creator Michael Lyons set to retire.Lyons launched Weston Insurance around a decade ago after leaving disaster reinsurance specialist RenaissanceRe.
He is now set to retire on February 23rd, so the company has promoted existing Chief Underwriting Officer, Deanne Nixon, to handle the function of Chief Executive Officer of Weston Insurance Holdings Corporation, and its operating subsidiaries Weston Insurance Company, a Florida domestic carrier, Weston Specialty Insurance Company, a Texas based provider, and Weston Insurance Management, LLC, its Florida MGA.
Nixon joined Weston Insurance back in 2014 as Senior Vice President and Chief Underwriting Officer.
She had previously held significantly senior leadership functions in a series of retrocession, reinsurance, and insurance coverage focused business, including having insurance-linked securities experience, including CNA, Folksamerica, White Mountains and Sirius.
As we reported back in June, Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance- and transportation- focused investment supervisor, took majority control of Weston Insurance Holdings Corporation, after a capital restructuring and financial investment round in the provider.
That fixed financing problems at the provider and has placed it on a much firmer footing going forwards.
Lyons commented, “I anticipate following Westons ongoing development and success, under the capable management of Deanne Nixon, and desire to take this chance to thank all members of the Weston team, its representatives and trading partners, for helping to develop, assistance and grow the Weston brand these past 10 years.”
“I am truly grateful for the opportunity to lead the Weston group, and desire to thank our representatives and trading partners for their continued assistance of the Weston brand,” added Nixon.
“Upon the statement of his retirement, I wish to thank Michael for his several years of steadfast commitment to Weston and its clients, and to praise Deanne on her new function, as we eagerly anticipate the next 10 years of Westons continued growth and success,” Liz Mitchell, Weston Insurance Holdings Corporation Board Chairman specified.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!