Operations/tech
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In October, this publication revealed that the carrier had resumed IPO preparations. -
The firm laid off senior leaders this month, weeks after it began pursuing a sale, this publication can reveal.
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The broker will be using Verisk US agricultural risk models.
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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The insurer will move its Atlanta-area assets to a new "innovation hub".
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The chief executive will also receive a yearly bonus of 200% of base salary.
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Arch announced the retirement of CEO Marc Grandisson on Monday, with immediate effect.
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Last week, the insurer placed ~450 staff at risk of redundancy in its international business.
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The move is the latest phase of the operational transformation program, AIG Next.
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Reinsurers continued to diversify into primary and specialty business.
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The unit will support Ascot’s third-party capital business.
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