Lombard US/BDA, the US and Bermuda business has appointed Hon. Tom Considine as Chairman of the Board and Michael Farrell as Chief Executive Officer.
The appointment followed the recent acquisition of the specialist life and annuity focused re/insurer by an affiliate of BroadRiver Asset Management, L.P. from Lombard International Group.
Lombard US/BDA, further stated that the appointment bolsters the firm’s leadership team and directs the business through its next growth step.
Charles Nachman continues as the President of the US business and Jennifer Titterton has been named President of the Bermuda business.
Tom Considine currently serves as Chief Executive Officer of The National Conference of Insurance Legislators and holds the title of Managing Partner at Gravilaur Solutions, LLC. Before this, he was the New Jersey Commissioner of Banking & Insurance, where he was elected to the NAIC Executive Committee.
Considine commented, “Being appointed as Chairman of the Board is a significant responsibility that I embrace wholeheartedly. The acquisition by BroadRiver, and its deep analytical and long-term client-focused approach, allows us to refocus our dedication to our clients’ legacies.
“As we step into this new chapter, our focus will be to enhance our market presence and ensure that every decision we make is in the best interest of our clients and stakeholders.”
Michael Farrell most recently served as the Executive Vice President at MetLife. He served as Chairman, President and CEO of MetLife Insurance Company of Connecticut (formerly Travelers Life & Annuity Cos), General American Life Insurance Company, New England Financial, MetLife Investors, Tower Square Securities, Walnut Street Securities & MetLife Resources.
Farrell added, “I am honored to be joining Lombard US/BDA, a pioneering leader in the realm of insurance-based wealth solutions. Our mission remains clear: to safeguard the aspirations and legacies of our clients with the meticulous attention to their evolving needs that has made us leaders in the industry. Together with our exceptional team, we will continue to ensure we remain at the forefront of innovation and client service.”
