AM Best Rating Services announces new president

AM Best Rating Services announces new president | Insurance Business Asia

Reinsurance

AM Best Rating Services announces new president

Current CEO to retire at the end of the year

Reinsurance

By
Jonalyn Cueto

AM Best has announced the appointment of James A. Gillard Jr. as the new president of A.M. Best Rating Services, Inc. (AMBRS), effective immediately. He succeeds Matthew C. Mosher, who will retire as president and CEO of AMBRS at the end of the year.

According to a news release, Gillard previously served as executive vice president and chief operating officer at AMBRS. He brings extensive experience to the role, having joined AM Best in 2008. Over the past decade, he has led the enhancement of the company’s rating methodologies and tools. Gillard holds degrees from Gettysburg College, Johns Hopkins University, and an MBA from Temple University, with a concentration in finance.

In a statement, Arthur Snyder III, chairman, president, and CEO of A.M. Best Company, Inc., expressed confidence in Gillard’s leadership as the company faces challenges posed by increased regulation of credit rating agencies and the evolving insurance market. “Under Jim’s leadership, I believe the organization is well-positioned for continued success,” Snyder said.

Mosher, who has been with AM Best since 1995, will transition to the role of executive director for the remainder of 2024. Throughout his nearly 30-year career, Mosher played a pivotal role in the growth and stability of AM Best, according to a news release. He held numerous leadership positions, including vice president of AMBRS’ specialty lines group and president and CEO of AMBRS since 2019, overseeing life/health, property/casualty, and international rating divisions.

“On behalf of AM Best, we are grateful to Matt for his dedicated leadership for nearly three decades,” Snyder said. “Matt played a significant role in navigating AM Best through [an] evolving insurance market. We congratulate him on a well-deserved retirement.”

Mosher will continue to hold leadership roles at several AM Best affiliates globally until further notice.

AM Best is a global credit rating agency and analytics provider for the insurance industry, operating in over 100 countries. The company is headquartered in the US with regional offices in cities including London, Dubai, Hong Kong, and Singapore.

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