World Insurance Services – a marine insurance provider for independent freight forwarders – has appointed former executive vice president – Monica Lee – as chief executive officer.
Bryce Barnhart, who previously led the insurance facility, is now WCA’s vice president of North America.
“In just three years, Bryce did an extraordinary job of taking World Insurance from a standing start to the most innovative, responsive team in the logistics insurance business,” said World Insurance co-owner, Phil Bilney.
“Bryce returns to WCA as a fluent advocate of the outstanding insurance products he worked so hard to create.”
World Insurance was created in tandem with WCA to provide complete insurance solutions to a global network of freight forwarders.
With Lee as CEO, she will utilise her extensive industry experience and knowledge of the logistics insurance sector to expand the facility’s services.
“As Monica steps up to drive World Insurance forward, WCA members and their clients will soon enjoy even more ground-breaking insurance products,” said Bilney.
Lee has 15 years’ experience in marine insurance and is a licensed holder in most states in the USA.
She is a member of the Australian and New Zealand Institute of Insurance and Finance and is fluent in English, Mandarin and Cantonese.
Lee’s specialist background in marine cargo and freight forwarder transport liability insurance, coupled with her previous experience as Lloyd’s coverholder and strong analytical skills, make her the ideal candidate to serve as World Insurance Services’ CEO.
“We are very happy with the success World Insurance Services has achieved under Bryce’s leadership,” said WCA founder and chairman, David Yokeum.
“And we are confident that Monica’s vast experience and know-how will enable her to grow the powerful solutions that our freight forwarders rely on; solutions that protect not only their companies but their client’s assets.”