Executives On The Move at Hamilton Insurance Group and Everest Insurance
Hamilton Insurance Group appointed a new executive who will be focused on strategy and corporate development. Everest Insurance hired a vice president focused on marketing and distribution.
AIG Chooses Lyons as Its Next Chief Financial Officer
American International Group has a new chief financial officer. Mark Lyons, a former Arch Capital executive, is taking on the position along with the title of executive vice president after joining ...
UK Can End Brexit If It Wishes, According to EU Top Court Opinion
The U.K. should be allowed to reverse Brexit, according to an advisory opinion from the European Union's top court that will fuel the campaign to thwart the divorce. The opinion, which isn't binding, ...
The Hartford Acquires Y-Risk, an MGA Focused on the Sharing Economy
The Hartford has acquired Y-Risk, a managing general underwriter focused on the sharing and on-demand economy, from Allstar Financial Group Inc. Neither side is disclosing financial terms. Y-Risk ...
Allianz, Mitsui Sumitomo Reportedly Finalists in Bid for Malaysia Auto Insurer
Allianz Malaysia Bhd. and Mitsui Sumitomo Insurance Co. have been shortlisted to proceed to the next round of bidding for AmGeneral Insurance Bhd., in a deal that could value Malaysia's ...
Applied Systems, Others Pursue Risky Practice of Acquiring Incremental Debt
First the companies tapped the loan market. Not long after that, they came back for more. Corporations like Bausch Health Cos., a drugmaker, telecom provider Sprint Corp. and Applied Systems Inc., an ...
Like Tech Entrepreneurs, Carriers Should Closely Track a Rapidly Changing World
For carriers seeking to innovate and digitize their operations, an awareness of a rapidly changing world and the need to continually adapt to it can help ensure success. Maintaining a strategic ...
Executives On The Move at Hamilton Re and TigerRisk
Hamilton Re promoted a veteran executive to handle its casualty & specialty operations. broker TigerRisk Partners LLC hired an outside executive to lead one of its key divisions.
Allianz Extends Contract of CEO Bäte for an Additional Five Years
Allianz SE extended the contract of CEO Oliver Bäte an additional five years, through September 2024. Bäte has been in charge of Allianz for about four years, and his original contract had been set ...
Actuarial Society Merger Talks End After CAS Board Vote
Last week, during the group's annual meeting in Las Vegas, the Casualty Actuarial Society's board put an end to plans that would have merged the organization with its life insurance counterpart, the ...