Operations/tech
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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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Axa's newly formed teams join the company's "complex cyber" unit.
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Trade, technology, weather and workforce were identified as the main megatrends.
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The operation will be led by Stephen Saunders, with Jawad Ghunaim from AIG as CUO.
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The Oxbow report found that AI use cases span the entire (re)insurance capability model.
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The model uses machine learning and daily data to forecast hurricane seasons.
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Analysis shows several CEOs with pay diverging from the trendline.
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From a buyer and underwriter perspective, managing top risks needs fresh approaches.
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The company will now focus on its better-positioned businesses.
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Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023.
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He will oversee management of the P&C loss adjusting business.
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Mexico is Everest’s second office in LatAm after the (re)insurer opened its regional headquarters in Chile.
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The shares are being sold by select shareholders in the group.
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The FTC issued a final rule on April 23 banning the use of non-competes nationwide.
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The carrier is also seeing growth opportunities across the West.
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The technology will drive hyperspecialization, panelists said.
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The MGA will be offering $10mn limits for $300mn-$10bn companies.
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The Coalition Cyber Threat Index predicts a jump in exploit-based cybercrime this year.
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