US-based IMA Financial Group has hired Anna Ewing, a former chief financial officer of Vodafone Americas, as its chief operations officer.
Czech Republic-based reinsurer VIG Re has realigned its organisational structure and management responsibilities. The changes, which it claims will drive “operational efficiencies”, are effective from April 1, 2018.
AM Best has revised the outlooks to negative from stable of AXIS Capital Holdings and its operating subsidiaries, according to a Feb. 16 press release.
Insurer CNA has appointed Bahr Omidfar as senior vice president and chief technology officer, and Joyce Trimuel as chief operations & diversity officer.
Insurance broker Lockton has promoted Nate Mundy to senior vice president and chief operating officer of its Pacific operations in the US.
The board of directors of Assicurazioni Generali has appointed Jaime Anchustegui Melgarejo to the new position of group chief operations & insurance officer with effect Jan. 1, 2018.
Bermuda-based Aspen Insurance Holdings has appointed David Schick as group chief operating officer, replacing Richard Thornton who is leaving the business after almost four years.
Allianz Insurance has appointed Dave Gill to the role of head of operations.
As the frequency and severity of risks is increasing across the globe, the ripple effects of such events will be far-reaching in this highly interdependent world.
Insurers are facing a profitability squeeze and are increasingly looking to their investment portfolios as a larger component of profitability, according to a study commissioned by BlackRock.