CEO / Chief Executive
‘Great Resignation’ Reaches C-Suite; CEO Turnover Up: Research
CEO turnover spiked in the first half of 2021, as companies tapped new talent to navigate the aftermath of the COVID-19 pandemic and stressed-out chief executives sought a career change, a study from ...
Veteran USAA Exec Burgess Joining Lemonade as New Chief Claims Officer
Digital insurer Lemonade has hired a former USAA executive to be its new chief claims officer. Sean Burgess was previously chief claims officer at USAA, and worked more than 25 years at the company, ...
Samsung Fire & Marine Will Underwrite Canopius U.S. Admitted Specialty Lines
Canopius Group, a global specialty (re)insurer, announced an agreement with Samsung Fire and Marine Insurance (SFMI), its substantial minority shareholder and business partner, to underwrite U.S. ...
Insurers Plan to Boost Their Private Market Investments: BlackRock
Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, ...
Root Promises 2022 Improvements After Losing $415M This Year Through Sept. 30
Root has lost more than $415 million from January through September 2021, almost double the same period a year ago. The Ohio based digital auto insurer also took year-to-date hits on net premiums ...
AIG CEO Zaffino Urges Insurers to Plan for More Climate Change-Related Catastrophe Losses
AIG President and CEO Peter Zaffino urged the insurance industry to acknowledge that more frequent and severe catastrophe losses are likely here to stay, and plan accordingly. "We've never seen ...
AIG CEO Zaffino Promises 2022 IPO for Portion of Life/Retirement Business
American International Group remains on track to sell of part of its Life & Retirement unit through an IPO in the first half of 2022, according to company President and CEO Peter Zaffino. Some ...
AIG Closes Sale of Life & Retirement Unit Stake to Blackstone
Part of American International Group's plans to spin off part of its Life & Retirement business have come to fruition. AIG and Blackstone said they have closed on a previously announced agreement ...