New CEO appointed at StarStone

John Hendrickson has been appointed as group chief executive officer (CEO) of StarStone Group, with immediate effect. He succeeds Demian Smith, who resigned in September 2018 after eight years of service.

Hendrickson joins with over 35 years of industry experience and was previously director of strategy, risk management and corporate development of Validus Group and a member of the Validus Holdings public company board of directors, until its acquisition by AIG in July 2018. Prior to that, Hendrickson was the founder and managing partner of SFRi, an independent investment and advisory firm specialising in the insurance industry.

Dominic Silvester, CEO of Enstar, said: “In John, Enstar and Stone Point Capital have identified a proven industry veteran who provides immediate strong leadership and strategic direction to StarStone.  StarStone remains a key part of the Enstar Group, and we are confident in John’s ability to optimise the business moving forward as a distinguished, multi-platform specialty insurer.”

“StarStone is at a pivotal point in its development, and I look forward to working with the team here to unlock the potential that exists for StarStone and our clients,” said Hendrickson. “Despite prevailing pricing, geopolitical and regulatory challenges, StarStone has good fundamentals and opportunities for profitable growth, and we will look to further solidify and advance our global offering while positioning the business for the future.”