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Aviva expects 1,800 job cuts to save £300m annually as new CEO vows to crack complexity
Insurance
UK insurer Aviva is expecting approximately 1,800 role reductions across the group over the next three years as part of its efforts to reduce expenses by £300 million per annum by 2022, according to its new CEO Maurice Tulloch.   6 June 2019
BMS gets long-term capital infusion from BCI and PCP at £500m valuation
Insurance
Specialist re/insurance broker BMS Group has secured a significant long-term investment from British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP).   6 June 2019
Aon picks insurtech CyberCube to improve cyber risk modelling capabilities
Insurance
Re/insurance broker Aon has partnered with cyber risk analytics provider CyberCube to help improve its cyber aggregation risk modelling capabilities.   6 June 2019
Insurance
UK insurer Aviva has parted ways with its chief financial officer (CFO) and director Tom Stoddard who has decided to step down from June-end to "clear the way for others to step up" as he considers new opportunities.   5 June 2019
Insurance
UK-based insurance intermediary PIB Group has acquired the Cobra group of companies, taking the amount of premium placed or influenced by PIB from £550 million to £900 million.   5 June 2019
Insurance
Technology-driven risk solutions provider Sedgwick has appointed Beatriz Cabrera as director of its Brazil operations, which cover several key areas of loss adjusting, including construction, engineering, energy, liability, marine and property.   5 June 2019
Insurance
A risk manager’s best friend can be the company secretary—certainly for risk managers who aspire to play a more central role within their companies and reposition themselves as strategic business partners.   5 June 2019
Insurance
The biggest challenge when working with big data is often establishing what question is the best one to ask, Andy Jones, who heads the risk engineering practice at MS Amlin, said yesterday during a workshop at the annual Airmic conference in Harrogate.   5 June 2019
Insurance
Directors purchasing directors & officers (D&O) insurance should be aware of the pitfalls and the fact that disputes are common in the event of claims in this line of business, but there are some key things they can do to ensure their policy protects them and pays out when it should.   5 June 2019
Insurance
Society is in the early stages of a revolution driven by technology. While this should mean more prosperity, it will also mean unintended consequences and some “dark and challenging” times, John Ludlow, the chief executive of Airmic, warned delegates in his opening remarks at the risk management body’s annual conference.   4 June 2019

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