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CEO McKeown leaves Pillar Capital

Leaving Pillar: Christopher McKeown

Pillar Capital Holdings Ltd CEO Chris McKeown has left the company under mutual agreement.The Bermuda-based insurance asset manager, which is focused on collateralised reinsurance and catastrophe insurance-linked securities, formerly Juniperus Capital, announced that Phil Lotz, Pillar’s executive chairman, will assume operational management responsibilities.According to a statement from Pillar, the senior management team, who has worked together since inception, will continue to execute on Pillar’s previously announced plans for strategic growth.Specifically, the company is focused on expanding its marketing function and back office capabilities with the support of Pillar’s shareholders and strategic partners.“We thank Chris for his contributions to the company and wish him the best in his future endeavours,” said Mr Lotz. “I, along with the rest of the senior management team, look forward to continuing to expand the company with the support of all of our strategic partners, including our most recent investors, Transatlantic Holdings, Inc and Alleghany Corporation.“It is an exciting time for Pillar — we just wrapped up a very strong renewal season, have an excellent pipeline of interested investors, and we look forward to seizing the opportunities that lie ahead.”