Reinsurance News
USAA
USAA appoints Tom Troy as Chief Transformation Officer
15th September 2023
USAA, a provider of insurance, banking, and investment and retirement solutions to members of the U.S. military, has appointed Tom Troy as its Chief Transformation Officer, effective September 25th 2023. In the newly created role, Troy will lead USAA's transformation initiatives and corporate development team. He will be reporting to Chief ... Read the full article
USAA appoints two industry leaders as SVPs
24th March 2023
Primary mutual insurer USAA has hired two industry leaders as Senior Vice Presidents. Joseph Gates has been named SVP, Chief Risk Officer for the P&C company, and David Selchen has been named SVP, Organizational and Talent Management. Both Gates and Selchen bring over 20 years of industry experience towards their respective roles. Most recently, Gates served ... Read the full article
USAA appoints Randy Termeer as President, Property and Casualty Insurance
2nd August 2022
USAA has announced that Randy Termeer has been named President, Property and Casualty (P&C) Insurance. Termeer joined USAA in 2017 as Senior Vice President and General Manager of Auto Insurance. Most recently he led USAA’s acquisition of Noblr, which took place in June 2021. On top of that, he also launched USAA’s small business ... Read the full article
USAA names Chris Flint as senior vice president and general manager for life and health lines
16th June 2022
USAA Life has named Chris Flint as its new senior vice president and general manager for life and health insurance. In this role, Flint will oversee the life and health insurance product portfolios, with responsibility to grow both product lines to serve more of USAA's members and bring additional value to ... Read the full article
USAA hires Clyde Douglas as SVP & General Manager, Claims
23rd May 2022
Primary mutual insurer, USAA has appointed Clyde Douglas as Senior Vice President and General Manager, Claims. Within this new role, Douglas will oversee the claims organisation, focusing on providing exceptional service to USAA’s members. He brings more than 25 years of experience within the industry, and joins USAA from global insurer, Chubb ... Read the full article
USAA to acquire auto-focused insurtech Noblr
11th June 2021
Primary mutual insurer USAA has today announced its intention to acquire insurtech firm Noblr, Inc. as it looks to offer usage-based insurance (UBI) to its members. Noblr offers smart car insurance that rewards its members' good driving habits by giving highly accurate, competitive rates that are based on numerous factors, including ... Read the full article
USAA enters small business insurance market
29th January 2021
USAA, a provider of insurance, banking and investment and retirement solutions to US military veterans, has entered into the small business insurance market. Whilst the USAA Insurance Agency has offered small business insurance for the last 30 years through unaffiliated insurance companies, USAA will now offer their own small business insurance product. The new ... Read the full article
Everest Re CEO Juan Andrade appointed to USAA board of directors
11th December 2020
Juan C. Andrade, the President and Chief Executive Officer (CEO) of Bermuda-based reinsurer Everest Re Group, Ltd., has been appointed to serve on the board of USAA's Risk and Compliance and Member and Technology committees. Andrade brings over 25 years of insurance and reinsurance industry experience to the firm, having served ... Read the full article
USAA adds Jeff Wallace as CFO
2nd September 2020
USAA, a provider of insurance, banking and investment and retirement solutions to US military veterans, has named Jeff Wallace as its Chief Financial Officer. Reporting to Chief Executive Officer Wayne Peacock, Wallace joins from Bank of America, where he most recently served as the Chief Financial Officer of the Consumer Banking and ... Read the full article
Peacock to succeed Parker as USAA President and CEO
18th December 2019
USAA has announced that its Board of Directors has elected Wayne Peacock to succeed Stuart Parker as the firm's next President and Chief Executive Officer (CEO), effective February 1st, 2020. Parker is retiring after more than 21 years of service at the company, 15 of which he spent as USAA's CEO. ... Read the full article
State Farm & Berkshire maintain status as top US P&C insurers
24th October 2019
State Farm and Berkshire Hathaway Specialty Insurance maintained their spots as the largest and second-largest U.S. Property and Casualty (P&C) writers in 2018, respectively, while Chubb INA Group entered the top ten. This is according to the Reinsurance News directory of the Top 100 U.S. P&C ... Read the full article
USAA joins Roost’s smart-home telematics program
21st March 2019
USAA, a provider of insurance for U.S military personnel, has joined the Home Telematics Program (HTP) of Roost, a California-based company that specialises in smart-home technology. Operating in partnership with broker Willis Towers Watson, the HTP applies advanced analytics to produce insights regarding the effect of home telematics on loss mitigation ... Read the full article
USAA becomes latest Socotra investor
26th February 2018
USAA has become the latest investor in comprehensive cloud-native insurance core system Socotra, joining previous investors CrunchFund, Founders Fund, Greenoaks Capital, SciFi VC, SV Angel and Vulcan Capital, as well as angel investors Ron Conway, Michael Ovitz and Joe Lonsdale. Terms of the investment were not disclosed. Nathan McKinley, vice president of ... Read the full article