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.
With the growing size of container vessels, and a recent spate of fires on board of these ships, the International Union of Marine Insurance (IUMI) is concerned that current firefighting provisions are insufficient.
A rapidly changing risk landscape will mean many new risks for reinsurers to grapple with and overcome but these will also yield many opportunities for the industry, Bob Forness, chairman and chief executive officer of MultiStrat Holdings, told Monte Carlo Today.
Zurich Insurance Group has hired Swiss Re executive Alison Martin to assume the role of group chief risk officer in January 2018.
Mapfre Global Risks (MGR), the unit of insurer Mapfre that targets multinational companies, has appointed a new head of international underwriting.