Zurich

The executive will work to accelerate commercial insurance revenue and develop new channels and geographies.

Let’s get you up to speed on some of this week’s key M&A deals.

Trey Martino jumps from Sompo International to take on US middle market unit for Zurich North America.

AIG joins Aon, Zurich in industry apprenticeship program that aims to draw in young talent, improve diversity efforts.

The insurance giant also is moving its operation chief for direct markets, Dawn Hiestand to be the new head of captives, and Alban Laloum to be its new chief customer officer.

Respondents to the WEF’s Global Risk Perception survey also cited cyber security as a medium-term threat, signaling a potential ‘blind spot’ in risk perceptions.

Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.

The carrier recruited Steve Lezaj from Travelers to serve as national complex casualty underwriting director.

Casualty rate hikes moderate, though areas like wildfire liability remain difficult amid an ever-more litigious environment.

Inside P&C’S news team runs you quickly through the key developments from the last week.

Sources have said the carrier is looking establish a unit with its own P&L, intended on establishing a clear dividing line between the wholesale and retail businesses.

Zurich will hire about 70 apprentices in at least nine cities where the carrier has offices, beginning in August 2022.