Global specialty insurer StarStone has announced the appointment of John Hendrickson as its new Group Chief Executive Officer (CEO), effective immediately.
Hendrickson replaces Demian Smith, who resigned from the company in September of this year after eight years with the firm.
Hendrickson brings more than 35 years of industry experience to the role, and most recently served as Director of Strategy, Risk Management and Corporate Development, Validus Group, and a member of the Validus Holdings public company Board of Directors, until its acquisition by AIG earlier this year.
He was the founder and managing partner of independent investment and advisory firm SFRi LLC, and also held a number of positions at reinsurance giant Swiss Re.
Enstar CEO, Dominic Silvester, 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.”
Hendrickson, commented: “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. 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.”
