Operations/tech

The Aon president also dismissed the idea Aon is a “great stock, not a great company” and said brokers are not in control of the pricing cycle.

The news comes as the steep correction that public tech valuations have suffered year-to-date spills over into the private InsurTech market, and private VC funding dries-up.

The memo notes if an employee under Chubb's medical plan needs a procedure that must be performed more than 100 miles from their home, the carrier will cover it.

Current CEO Bradley will receive 78,760 shares of restricted stock over a 12-month period, as well as 135,000 stock appreciation rights with an exercise price of $43.80.

KPMG has been appointed to succeed its Big Four rival as the up-for-sale Bermudian tries to turn the page on its delayed annual filings.

Policygenius laid off staff just two months after doubling its total funding to $250mn in a Series E round.

The ~$60bn-premium marketplace is only going to grow, and in the aggregate can outperform insurers’ own underwriting.

His comments come on the heels of Markel’s announcement last week that the co-CEO plans to retire by March 31, 2023.

Hansen’s appointment is in support of the company’s decision to separate the roles of chairman of the board and CEO.

Shareholders supported Buffett remaining as chairman and chief executive on a nearly 6-to-1 margin.

“We like where we are positioned right now in terms of the performance of some of that strategic hiring,” Glaser told analysts.

Berkshire’s board opposed the proposal and recommended that the shareholders vote against it.