Malmström Named Group CFO of Swiss Re as Dacey Retires
Swiss Re announced that Anders Malmström will succeed John Dacey as group chief financial officer as of April 1, 2025.
Dacey will retire ...
Industry News
Legacy Acquisition Specialist Enstar to Be Acquired by Sixth Street for $5.1B
Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a ...
Why One Insurance Broker Exec Has Olympic Fever
Clients who try to reach Higginbotham executive Marc Spivey this week will be met with an unusual out of office message. Greetings! I am in Paris to cheer on my daughter Taylor who is competing in ...
Nationwide Tops List of Best Pay-As-You-Go Car Insurance
Pay-as-you-go car insurance is a recent option in the car insurance market. Instead of paying a set monthly premium, policyholders pay a rate based on miles driven. New analysis of the the top ranked ...
Public D&O Price Decreased 5.2% in Second Quarter, Says Aon
The average price for directors and officers liability insurance decreased 5.2 percent per $1 million in limits in the second quarter, according to Aon Commercial Risk Solutions. Aon said the ...Reinsurer SCOR’s Recovery Clouded by First Quarterly Loss Since 2022
SCOR SE Chief Executive Officer Thierry Leger said he's taking over control of the company's life and health unit after it led the firm to report its first quarterly loss since 2022. The Paris-based ...
Nationwide Plans 5% Reduction in Employee Headcount
Nationwide said late last week that it is reducing its headcount by about 5 percent over the next year. "We can't speculate on the total number of job impacts," said Nationwide in a statement. ...
Cowbell Secures $60M Series C Funding From Zurich
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed a $60 million Series C equity investment from Zurich Insurance Group, a ...
Allstate’s National General Sued by DOJ Over Alleged Force-Placed Insurance ‘Scheme’
Allstate's National General auto insurance brand has been sued by the U.S. Department of Justice over allegations that National General and subsidiaries "engaged in a scheme to defraud customers" by ...