Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Bengt Johnsen as president and head of the South East Asia and Korea (SEAK) region.
US-based IAT Insurance Group has hired Donna McDermott as head of IAT Reinsurance (IAT Re) to succeed senior vice president Jim Miller who plans to retire on March 1, 2019.
Willis Towers Watson has extended the contract with CEO John Haley for an additional two years in order to facilitate an orderly succession of the chief executive officer position.
American International Group (AIG) has completed its acquisition of Bermuda-based Validus Holdings after receiving regulatory and shareholder approvals.
Re/insurance broker Miller has hired Ian Curtin to lead its energy construction team.
Insurtech is helping commercial insurers better analyse and reduce risk, lowering the premium but adding service fees while transforming the insurance offering in the segment.
The Federal Emergency Management Administration (FEMA) will launch a cat bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through Flood Smart Re, a Bermuda-domiciled insurance vehicle.
American International Group (AIG) could potentially free up between $2 and $5 billion capital through the legacy portfolio transferred to DSA Re, a wholly-owned Bermuda-based reinsurer formed in February, 2018, according to Morgan Stanley research.
Tokio Marine HCC has bolstered its management structure with several promotions within the specialty group that provides insurance products for the sports, entertainment and travel industries.
QBE North America, a specialist insurer and an operating division of Australia-based QBE Insurance Group, has partnered with AmWINS Program Underwriters (APU) to offer errors and omissions (E&O) coverage for architects, engineers and design (A&E) businesses.