Operations/tech
-
Last week, the insurer placed ~450 staff at risk of redundancy in its international business.
-
The move is the latest phase of the operational transformation program, AIG Next.
-
Reinsurers continued to diversify into primary and specialty business.
-
The unit will support Ascot’s third-party capital business.
-
-
Axa's newly formed teams join the company's "complex cyber" unit.
-
Trade, technology, weather and workforce were identified as the main megatrends.
-
-
The operation will be led by Stephen Saunders, with Jawad Ghunaim from AIG as CUO.
-
The Oxbow report found that AI use cases span the entire (re)insurance capability model.
-
The model uses machine learning and daily data to forecast hurricane seasons.
-
Analysis shows several CEOs with pay diverging from the trendline.
-
From a buyer and underwriter perspective, managing top risks needs fresh approaches.
-
The company will now focus on its better-positioned businesses.
-
Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023.
-
He will oversee management of the P&C loss adjusting business.
-
Mexico is Everest’s second office in LatAm after the (re)insurer opened its regional headquarters in Chile.
-
The shares are being sold by select shareholders in the group.
-
The FTC issued a final rule on April 23 banning the use of non-competes nationwide.
-
The carrier is also seeing growth opportunities across the West.
-
-
The technology will drive hyperspecialization, panelists said.
-
The MGA will be offering $10mn limits for $300mn-$10bn companies.
-
The Coalition Cyber Threat Index predicts a jump in exploit-based cybercrime this year.
-
The carrier laid off approximately 850 staff late last year.
-
Putting together two “show me” stories risks investor skepticism.
-
CEO Joseph Brown’s compensation will continue at $1mn with a minimum annual bonus opportunity of $2mn.
-
In his first interview as CEO of the private brokerage, Zimmer said he will not change the DNA of the firm and that legislation around non-competes may help Alliant.
-
In addition, the executive is eligible to receive an annual bonus of $262,000 for threshold performance, and up to $437,500 for maximum performance.
-
The programme services carrier will serve UK MGAs from 1 January.
-
Insurers should reserve as conservatively as possible, maximize their product set, and decide if they are buyers or sellers.
-
The reduction in force amounts to less than 10% of the company’s total headcount of approximately 500, a spokesperson told this publication.
-
The reorganization reflects the carrier’s prioritization of customer service and use of digital tools to help customers and partners.
-
The 3x3 plan takes the things about the firm over the last decade that have been distinctive and intensifies them.
-
The cuts amount to roughly 2% of the insurer’s US workforce.
-
The broker’s share price fell by around 4% after the announcement of its Q3 results and extended restructuring program.
Most Recent
-
Aon taps Burgos to succeed Criado as Puerto Rico head
September 19, 2024 -
Daily Digest: Top news from September 19
September 19, 2024 -
Rokstone makes two hires to bolster US casualty division
September 19, 2024 -
Allstate pegs August cat losses at $215mn post-tax
September 19, 2024 -
WSIA in focus: Four questions the wholesale market needs to answer
September 19, 2024