Operations/tech
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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. -
Its confederation of insurance subsidiaries will have to operate with fewer strategic advantages than they do today.
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The programme services carrier will serve UK MGAs from 1 January.
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Insurers should reserve as conservatively as possible, maximize their product set, and decide if they are buyers or sellers.
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The reduction in force amounts to less than 10% of the company’s total headcount of approximately 500, a spokesperson told this publication.
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The reorganization reflects the carrier’s prioritization of customer service and use of digital tools to help customers and partners.
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The 3x3 plan takes the things about the firm over the last decade that have been distinctive and intensifies them.
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The cuts amount to roughly 2% of the insurer’s US workforce.
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The broker’s share price fell by around 4% after the announcement of its Q3 results and extended restructuring program.
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New risk transfer platform will allow MGA, InsurTech, embedded insurance customers cost-effective path to building “full-stack” insurance operations
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The report said that, to date, ransomware victim numbers for 2023 have already surpassed those for the entirety of either 2021 or 2022.
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The exercise is understood to involve mainly junior and non-broking staff.
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