Szakmary quits Blue Capital Re
Endurance Specialty subsidiary Blue Capital Reinsurance Holdings has announced that CEO Adam Szakmary has resigned from the firm with immediate effect. He has also resigned his position as a director of the firm.
The company said that Szakmary submitted his resignation in writing on April 21. He was appointed to the post of CEO at Blue Capital Re in August 2015.
Following Szakmary’s resignation, Blue Capital Re has appointed Michael McGuire as CEO, effective as of April 24, 2017. McGuire has had executive responsibility for Blue Capital Management, and has been a director of the Board for Blue Capital Re since August 2015.
He has served as CFO of Endurance Specialty Holdings since January 2006 and will continue to serve at this post.
To fill the board vacancy caused by Szakmary’s resignation John Del Col has been appointed as a ‘Class B’ director to serve until the 2018 annual general meeting of the company’s shareholders or until his earlier resignation or removal.
