Michael Lyons, the founder and Chief Executive Officer (CEO) of Weston Insurance Holdings Corporation, is to retire from the company later in February and will be succeeded by Weston’s current Chief Underwriting Officer (CUO), Deanne Nixon.
Lyons is scheduled to retire from the Florida-based insurer on February 23rd, 2021, having started the firm shortly after leaving RenaissanceRe 10 years ago.
Upon his departure from the company, Nixon will assume the role of CEO of Weston Insurance Holdings Corporation, and its operating subsidiaries Weston Insurance Company, Weston Specialty Insurance Company, and Weston Insurance Management, LLC.
Nixon joined Weston in 2014 as Senior Vice President (SVP) and CUO. Earlier in her career, she held increasingly senior leadership roles in various firms focused on insurance, reinsurance, retrocession, and insurance-linked securities (ILS), with the likes of CNA, Folksamerica, White Mountains, and Sirius.
“I look forward to following Weston’s continued growth and success, under the capable leadership of Deanne Nixon, and want to take this opportunity to thank all members of the Weston team, its agents and trading partners, for helping to establish, support and grow the Weston brand these past 10 years,” said Lyons.
Nixon added: “I am sincerely grateful for the opportunity to lead the Weston team, and want to thank our agents and trading partners for their continued support of the Weston brand.”
While Liz Mitchell, Weston Insurance Holdings Corporation’s Board Chairman, noted: “Upon the announcement of his retirement, I wish to thank Michael for his many years of tireless dedication to Weston and its customers, and to congratulate Deanne on her new role, as we look forward to the next 10 years of Weston’s continued growth and success.”
