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Insurance
Allianz Global Corporate and Specialty (AGCS) has promoted Emy Donavan to lead its cyber insurance business, succeeding Nigel Pearson who has left the company to pursue other opportunities. 14 March 2017
Insurance
Cape, a UK-based manufacturer of industrial materials, has agreed to pay a £52.5 million product liability settlement to three insurers relating to litigation over the carriers' historic employers' liability exposures, however, Cape has not admitted any liability, describing the settlement as "removing the distraction of a likely protracted appeals process". 14 March 2017
Insurance
US property/casualty insurer Travelers is acquiring UK-based small and medium-sized enterprises (SME) insurance broker Simply Business from previous owner Aquiline Capital Partners for approximately $490 million. 13 March 2017
Insurance
Hong Kong-based pan-Asian life insurance group AIA has announced that its group CEO and president Mark Tucker is set to retire from his executive positions with the company and its subsidiaries. 13 March 2017
Insurance
London-based Lloyd's insurer Barbican has appointed Marc Sullivan as a class underwriter for downstream energy, with immediate effect. 13 March 2017
Insurance
Specialist underwriting agency Horizon as launched three new products for its residential property clients, complementing its existing mid and high net worth products Longitude and Latitude. 13 March 2017
Insurance
The London Market Group (LMG) believes that a trade deal which provides mutual benefits to both the UK and the EU is within the government’s reach. 10 March 2017
Insurance
Munich-based Allianz has appointed Giulio Terzariol as chief financial officer (CFO), succeeding Dieter Wemmer, whose contract ends at the end of 2017. 10 March 2017
Insurance
American International Group’s (AIG) US casualty business resulted in a $3 billion loss in the fourth quarter of 2016 and in the resignation of CEO Peter Hancock. 9 March 2017
Insurance
Atlanta-based Crawford & Company, a provider of claims management solutions, has appointed Joseph Blanco as senior vice president and general counsel. He was serving as the company's interim general counsel since September 2016. 9 March 2017
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