reorganization News
AXA Completes Sale of Eastern Europe Operations to UNIQA
AXA said that it has completed the nearly $1.2 billion cash sale of its life and savings, property and casualty, and pension businesses in Poland, Czech Republic and Slovakia to Austria's UNIQA ...
Markel Property CAT Reinsurance Business Now Solely With Nephila
Markel Corporation is reorganizing how it handles its reinsurance property catastrophe business, and cutting some jobs in the process. The specialty insurer said it will close its Markel Global ...
Allstate to Eliminate 3,800 Jobs in Ongoing Overhaul Effort
The Allstate Corp. plans to slash approximately 3,800 jobs in claims, sales, service and support functions as part of an ongoing effort to restructure, and grow its property/casualty market share ...
Beazley Revamps U.S. Executive Risk Leadership Team
Beazley has restructured its Executive Risk leadership team in the United States. The goal, according to the company: To support greater knowledge sharing and collaboration among the team's global ...
Argo Group Searches for New CFO, Updates Leadership Responsibilities
Argo Group International Holdings has started searching for a new chief financial officer and is updating responsibilities for its senior leadership team in a broader, related move. The Bermuda-based ...
AXA XL Builds New Leadership Team, Updates Operating Model
AXA XL formed a new leadership team and has outlined proposed changes to the operating model of its Insurance business following a strategic review. "AXA XL is the result of acquisitions and mergers ...
Markel Combines Two Divisions to Create Enhanced Specialty Unit
Markel is combining its Markel Specialty and Markel Assurance divisions into one division called Markel Specialty, which launches on April 1. The new division will preserve the company's current ...
Ironshore Expands, Realigns Wholesale Distribution Platform
Ironshore, the Liberty Mutual specialty insurance company, has expanded and realigned its wholesale distribution platform with local offices headed by branch managers. The company believes the new ...