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Lemonade appoints USAA’s Sean Burgess as Chief Claims Officer

19th November 2021

Auto insurtech Lemonade has appointed Sean Burgess as Chief Claims Officer, a role he takes on after more than 25 years serving the military community and their families at USAA. Burgess will oversee all of Lemonade's key claims functions across the US and EU, reporting to Gavin Blair, SVP, Customer Operations. As ... Read the full article

ICA calls for AU$30bn investment to meet rising coastal threat

19th November 2021

A new report released today by the Insurance Council of Australia (ICA) estimates that the country's governments will need to invest $30 billion in large scale coastal protection and adaptation projects over the next 50 years, in order to mitigate the effects of climate change. With cover for actions of the ... Read the full article

Non-African reinsurers must adapt to Africa, not vice versa: Neema

19th November 2021

Unlocking the enormous opportunities in the African market will require reinsurers to adapt their approach based on local realities, not the other way around, according to African specialist underwriting agency, Neema Insurance Managing Agency, which has recently celebrated its first year of operations with very strong results. During an interview with ... Read the full article

Alta Signa welcomes opening of Bordeaux office

19th November 2021

Alta Signa, a European boutique Managing General Agent, has announced the opening of a new office in Bordeaux, following a regulatory breakthrough. The office, first established in December 2020, was Intended to facilitate the offering of financial lines products such as Commercial Directors & Officers (D&O), Commercial Professional Indemnity, Cyber, Crime, and ... Read the full article

Taussig Capital eyes SPAC-focused D&O insurance initiatives

19th November 2021

Taussig Capital, an advisory firm focused on asset managers, family offices, insurers, reinsurers, and banks, is to launch a Directors and Officers (D&O) insurance product geared towards Special Purpose Acquisition Companies (SPACs). A SPAC is a company that has no commercial operations and is formed strictly to raise capital. Taussig Capital CEO Joseph ... Read the full article

Swiss Re & Baidu partner on autonomous driving insurance

19th November 2021

Global reinsurance giant Swiss Re and Chinese tech giant Baidu have partnered to advance insurance and risk management for autonomous driving and autonomous vehicles. The companies announced this morning that Swiss Re will work with the technology firm to provide risk management expertise and innovative insurance products for Baidu’s autonomous driving ... Read the full article

Industry uncertainty throws doubt over future of mega-M&A

18th November 2021

Despite having become an increasingly common feature of the insurance and reinsurance landscape in recent years, the industry's perception of mega-M&A moving forward appears to be one categorised by uncertainty; influenced by an awareness of heightened competition and anti-trust concerns. The results of our H2 2021 Reinsurance Market Survey, held ... Read the full article

Oneglobal hires former RFIB Director Lisa Siggery

18th November 2021

Oneglobal Broking, the commercial re/insurance brokerage owned by investor JC Flowers, has appointed Lisa Siggery as Executive Director, Risk and Compliance. Siggery will report to Mike Reynolds, Group CEO, and brings over 30 years of experience in the insurance sector, over 20 of which in internal audit, risk management and compliance. During ... Read the full article

New York Life names Craig DeSanto as CEO

18th November 2021

US domiciled mutual life insurer, New York Life has appointed Craig DeSanto as Chief Executive Officer (CEO), subject to regulatory approvals. DeSanto, who is currently the company’s president, will succeed Ted Mathas, who has served as CEO for nearly fourteen years. He will remain chairman of the board in a non-executive capacity ... Read the full article

WTW adds four to Board as succession process continues

18th November 2021

International insurance and reinsurance broker, Willis Towers Watson (WTW), has announced that Inga Beale, Fumbi Chima, Michael Hammond, and Michelle Swanback will all join its Board of Directors in 2022. These additions to its Board follow on from WTW's announcement in August that Carl Hess will succeed John Haley as ... Read the full article

Dean Klisura named Guy Carpenter CEO amid major MMC leadership re-shuffle

18th November 2021

Dean Klisura, currently the president of Guy Carpenter, has been appointed to lead the company as Chief Executive Officer, a role that will be taken up alongside his current duties. This appointment comes amid a broader shake up of the Marsh McLennan group's leadership, one that includes Marsh CEO and president ... Read the full article

US life insurers purchasing riskier assets: Moody’s

18th November 2021

According to analysts at Moody’s, the trend of US life insurance companies purchasing riskier assets has been driven by a combination of the low-interest rate environment and an influx of private equity investors. The Moody’s report shows that US life insurers have increased investments in less-liquid and illiquid investments, such private ... Read the full article

Markel adds Morgan Housel to board of directors

18th November 2021

Specialist insurer Markel Corporation has appointed Morgan Housel to its board of directors. Housel serves as a partner of The Collaborative Fund, a multi-stage private investment fund. He is also a frequent presenter discussing matters related to risk, investor psychology and business history, and author of the book The Psychology of Money. Housel ... Read the full article

VIG reports 41% rise in 9M profits

18th November 2021

Vienna Insurance Group (VIG) has reported a 41.2% rise in profit before taxes for the first nine months of 2021, which totalled €376 million, versus €266.3 million for the same period last year. The company also recorded a 0.9 percentage point improvement in its combined ratio of 95.2%, as the impact ... Read the full article

SiriusPoint announces Andreas Kull as its new Chief Risk Officer

18th November 2021

Specialty insurer and reinsurer, SiriusPoint Ltd., has added Andreas Kull as its new Chief Risk Officer (CRO), where he will be responsible for oversight of the company's enterprise-wide risk management strategy. The appointment is effective March 1st, 2022, and comes as SiriusPoint continues to bolster its culture of underwriting excellence. Kull will ... Read the full article

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