Update: More Insurance Execs Find New Roles

Following on the heels of last week's announcement of MetLife's new CEO, ING announced yesterday that it will appoint Rodney Martin, Jr. as CEO of ING Insurance U.S., effective April 4.

Martin is the former chairman of the International Life and Retirement Services operations at American International Group Inc., and will be responsible for strategy and performance of ING Insurance U.S., as well as the corporate staff functions. He will report to Jan Hommen, CEO of ING Group.

Rob Leary, the current CEO of ING Insurance U.S., will move to the new role of president and COO. In this capacity, he will report to Martin, and will be responsible for managing and improving the operational performance of the entire portfolio of U.S. businesses, including retirement, insurance, and investment management. This new structure, with strong executives at the helm, aligns the governance of these operations with common practice in the U.S. financial services industry, ING says.

“Rod is an outstanding veteran of the U.S. insurance industry, and his appointment constitutes an important building block to the preparation of a successful IPO of ING’s U.S. insurance and investment management businesses,” Hommen said in a statement. “The combination with Rob Leary as a results-oriented leader provides us with a strong management team capable of taking these leading businesses forward in their standalone future.”

ING says Martin's appointment is a significant step in its preparation for a successful Initial Public Offering of the U.S.-based insurance and investment management operations.

In other news, Capitol Insurance Cos., a provider of specialty property/casualty insurance and commercial surety products, announced the appointment of Alan Ogilvie to COO.

Ogilvie joined Capitol in 2004 as VP, general counsel and secretary. In his new role, he will be responsible for Capitol's property/casualty underwriting, claim, marketing and operations units, as well as continuing to be responsible for the legal and governmental affairs of Capitol. He will report to David Pauly, Capitol's CEO and chairman.

Additionally, Patriot National Insurance Group announced that Thomas McCarthy has joined the company as regional VP of the Gulf Coast region, including the states of Florida, Mississippi, Alabama and Louisiana. As RVP, he will oversee all marketing and underwriting responsibilities for the Gulf Coast, and will be based out of the Lake Mary, Fla., office.

Before joining Patriot National, McCarthy was VP at Zenith Insurance.

"We are very pleased that Tom has joined Patriot National," Steven Mariano, CEO and chairman of Patriot National said in a statement. "Tom is very well known in Florida, and brings a wealth of experience managing regional underwriting operations."