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Brian Duperreault, the chief executive of American International Group (AIG), has revealed several changes to the company’s organisational structure in an overhaul that has resulted in the departure of Rob Schimek, CEO of the insurer’s commercial business. 25 September 2017
Insurance
Antares, the Lloyd's managing agent and part of the QIC Group, has appointed Joe Mellen as marine cargo underwriter. 25 September 2017
Insurance
Risk modelling and data analytics firm RMS has appointed Pete Dailey as vice president to lead flood model development in its California headquarters. 25 September 2017
Insurance
The insurance industry has under-invested in technology and failed to embrace technological advances. But that is starting to change, according to one insurtech start-up aiming to help the industry catch-up. 25 September 2017
Insurance
CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has confirmed that Dominica will receive a payout of $19 million under its tropical cyclone policy following the passage of Hurricane Maria on September 19. 25 September 2017
Insurance
Lloyd’s third-party managing agent Asta said on Sept. 22 that it received “in principle” approval from the Lloyd’s Franchise Board to establish and manage Agora syndicate 3268. 22 September 2017
Insurance
Pioneer Underwriters and Lloyd’s third party managing agent Asta have received “in principle” approval from Lloyd’s to establish a syndicate. 22 September 2017
Insurance
Hurricane Maria took direct aim at Puerto Rico on Wednesday, Sept. 20, thrashing some islands already left in ruins by Hurricane Irma, and razing areas that had previously escaped damage, according to catastrophe modelling firm AIR Worldwide. 21 September 2017
Insurance
Bermuda-based specialist insurer Hiscox appointed Tom Shewry to the role of director of group finance. 20 September 2017
Insurance
London-based insurtech company Concirrus launched an AI-powered marine insurance analytics platform called Quest. 20 September 2017
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