Concert Group has appointed John Hendrickson as CEO, effective from 1 January, 2023, succeeding Jonathan Reiss at the specialist captive fronting business.
Reiss, who assumed the role of CEO at Concert’s inception in 2021, will continue on the board of Concert.
Concert has been backed by founders Brady Young, CEO of Strategic Risk Solutions, Wes Duesenberg, Jr., CEO of Southern Insurance Underwriters, and Christopher Collins, CEO/founder of Corinthian Re, in partnership with Century Equity Partners and WT Holdings, Inc.
Hendrickson has nearly 40 years’ experience, including executive roles at StarStone Group, Validus Group, and Swiss Re.
“We’re delighted to welcome John to Concert,” Brady Young, Chairman of Concert said.
“Throughout his career, John has distinguished himself in delivering quality solutions and support to his client relations.
“His deep knowledge and experience in financial markets and the insurance industry represents precisely the right skill set as we enter our second full year of operation.”
Young said Reiss will continue to provide Concert with his guidance and expertise as a member of the board and aid the transition to Hendrickson.
“I’m genuinely impressed with Concert’s leadership team,” Hendrickson said.
“The company has positioned itself as a specialty fronting carrier focused on serving the captive and programme business market segments. I am excited to capitalize on what I consider a unique market opportunity.”
In GCP #66, Reiss discussed the genesis of Concert, shared his views on the wider fronting market for captives and explained the company’s relationship with Strategic Risk Solutions.
Hendrickson has also served as an advisor to numerous clients in the (re)insurance sector, including as a founding member of Smith Barney’s insurance investment banking practice from 1985 to 1995.