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Insurance
Dutch insurer Delta Lloyd has announced that its chief financial officer (CFO) Clifford Abrahams is leaving the company to join ABN Amro Group. 16 May 2017
Insurance
Brian Duperreault, the new president, CEO and director of American International Group (AIG), explained that he left the Bermuda-based Hamilton Insurance Group to fix issues at AIG which was recently hit by large losses, impacting investors’ confidence. 16 May 2017
Insurance
Australia’s QBE Insurance Group plans to invest up to A$50 million ($37 million) in insurtech companies in 2017, according to AM Best’s May 16 Asia-Pacific Weekly. 16 May 2017
Insurance
Assurant, a US-based provider of risk management solutions, has appointed Daniel Pacicco as senior vice president, chief accounting officer and controller. 16 May 2017
Insurance
RLI, a specialty insurer serving property/casualty and surety markets, has promoted Thomas Brown to the position of senior vice president, chief financial officer. 16 May 2017
Insurance
Italian insurer Generali has appointed Jean-Laurent Granier as country manager for France and président directeur général (PDG) of Generali France with effect from June 1, 2017. 15 May 2017
News
Gen Re, a Berkshire Hathaway company, is the latest reinsurer to receive approval (R3 license) from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai. 15 May 2017
Insurance
US-based global health service company Cigna Corporation has announced the termination of the merger agreement with insurer Anthem, demanding $15 billion damages but Anthem is unwilling to pay. 15 May 2017
Insurance
The US property/casualty (P/C) industry recorded a $6.6 billion underwriting loss in 2016, following three consecutive years of underwriting profitability, according to an AM Best special report. 15 May 2017
Insurance
Former DARAG CEO Arndt Gossmann and brokerage sales expert Gerd Meyer have resurfaced at composite insurer Schwarzmeer- und Ostseeversicherungs-AG (SOVAG) as the new members of its management board. 12 May 2017
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