News

Insurance

Allianz sells $120bn assets of US business AGI to Voya after SEC ban

The guilty plea to fraud has resulted in the disqualification of AGI US licence.   18 May 2022

Insurance

FedNat parts ways with CFO as losses loom; wants to become ‘much smaller’

The insurer fell to $31m+ loss in first quarter, gross premiums decreased almost 21% y/y.   18 May 2022

Insurance

Aviva works UK price rules & claims process to tone inflation response

Major carrier retention strengths in new regulatory pricing scheme deliver rates upside.   18 May 2022

Insurance

Allianz AGCS regional head of claims quits; replacement revealed

The new leader will be responsible for claims across the UK, Ireland, and Nordics.   18 May 2022

Insurance

Lockton Re swoops on rival Guy Carpenter to expand North America unit

The senior broker formerly worked at Aon and Euler Hermes.   18 May 2022

Insurance

Allianz unit pleads guilty to fraud, loses US licence, will pay $6bn

Allianz Global Investors admitted to defrauding investors over multiple years and concealing losses.   18 May 2022

Insurance

New CTO takes charge at US broker Brown & Brown

The broker says it is on a ‘technology journey’ to drive meaningful change across business.   18 May 2022

Insurance

Born of frustration: what’s delaying take-up of LMA cyber war exclusions?

Adoption of new exclusions is essential as pre-LMA clause frameworks ‘leave too much ambiguity’, says panel of industry executives.   18 May 2022

Insurance

Acrisure Re expands in Asian facultative market poaching WTW talent

The exec has held multiple roles at Willis Towers Watson, Aon, Gallagher Re and Lloyd’s.   18 May 2022

Insurance

Zurich brings former Aviva/AIG CFO to help take ‘strategic decisions’

The carrier has hired a new chief financial officer of commercial insurance.   18 May 2022

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