THB, the London-based specialist insurance and reinsurance broker, announced new leadership at THB European Division, based in Amsterdam.
Paul Lindeboom, co-managing director of the division, will retire as planned from his post on July 31. Ricardo Borges, director at THB, will transition into the role of managing director of the business, subject to regulatory approval.
Joaquim Caria, who has led the division along with Lindeboom since 1994, will step down as executive director but will remain with the division working on special projects and to facilitate a smooth transfer of responsibility to Borges.
Paul Lindeboom started his insurance career in 1979, serving at a number of companies within the Aon group, before moving into reinsurance in 1990. In 1994 he joined PWS International, which became a part of the THB group when THB acquired PWS in 2008.
Borges has 19 years of experience in the insurance market, having begun his career at Nationale Nederlanden in 1999. Borges first joined THB in 2005, where he served as a reinsurance broker until 2010. Following a year as executive director at Willis Fac and two years as vice president at GC Fac, Borges returned to THB in 2013, since when he has been a director.
“Paul’s years of service with THB have been nothing short of exceptional, and I hope he is looking forward to a deserved retirement,” said Frank Murphy, THB CEO. “He and Joaquim have presided over some market-beating growth for our business, identifying strategic opportunities and leading our long-term expansion. He will be very pleased that, in Ricardo, we have a replacement of such caliber.”
“It is a great pleasure and honor to take on the leadership of THB European Union,” Borges said. “We have many opportunities to continue to grow on the successful path that Paul and Joaquim set out to recognize the team. I am looking forward to moving our business to the next level with the stable financial support of THB and AmWINS behind us. “
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