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NewsInsurers launch advisory group to tackle SME policyholder failings
Insurers in Australia have formed an advisory group to improve the affordability and availability of commercial insurance products for small and medium-sized businesses after a review found urgent improvements were needed.
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Dive In attendees highlight mental health as biggest concern
A survey of registered attendees at this year’s Dive In Festival has identified mental health as the most important issue for the global insurance sector to prioritise over the next year.
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Reports: Allianz asset management head Hunt in talks to depart
Allianz is looking to shake up its management board, with talks reportedly taking place over the potential exit of asset management head Jacqueline Hunt as the German insurance and financial services giant continues to deal with lawsuits and regulatory probes into its Structured Alpha Funds.
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Swiss Re’s Ojeisekhoba: Wellbeing of “intellectual capital” crucial following Covid-19
The mental wellbeing of staff at Swiss Re has been a “recurring topic” for the executive committee as the group navigates its way through the impact of Covid-19 both from a business and personnel point of view, according to reinsurance CEO Moses Ojeisekhoba.
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Genworth raises $535mn from relaunched Enact IPO and private sale
Private mortgage insurer Enact Holdings has completed an initial public offering (IPO) as well as a private sale of shares to Bayview Asset Management, with parent Genworth intending to use the $535mn in proceeds it received after underwriters’ fees to repay a note secured to cover a settlement with Axa.
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Sompo Intl’s Del Col to retire with Axa XL’s Lawrence named GC
Sompo International Holdings has named Windy Lawrence as its new general counsel, succeeding John Del Col who will retire at the end of the year after 19 years with the Bermudian (re)insurer and its predecessor company.
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Wefox hires ex-Zurich exec Huber as chief insurance officer
Peter Huber, who left his role as CEO of Zurich International last month, has joined Wefox as chief insurance officer, as the German insurtech looks to grow following its $650mn funding round in June.
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Sompo Intl to acquire Italian agri insurer ARA
Sompo International has agreed to purchase Assicurazioni Rischi Agricoli VMG 1857 (ARA), a deal that strengthens the Bermudian’s European agricultural book through increased geographical and exposure distribution.
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Judge denies Marsh’s motion to dismiss Aon suit over Florida hires
A Florida circuit court judge has denied Marsh’s attempt to dismiss a lawsuit brought by rival Aon over the hire of more than 40 Florida-based staff including East Coast managing director Michael Parrish.
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Patriot closing in on recap with GI Partners
Patriot Growth Insurance Services is set to announce a recapitalisation with private equity firm GI Partners that could value the fast-growing insurance agency and broker consolidator platform at close to $1.7bn, The Insurer can reveal.
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BHSI targeting multinational clients with 170-country network
Berkshire Hathaway Specialty Insurance is embarking on a global growth drive with the expansive carrier in the process of establishing its own worldwide network of locally based companies to better serve multinational customers, The Insurer has learned.
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Acrisure Re adds senior quartet to corporate advisory and solutions division
Acrisure Re has named Nick Godfrey as head of capital markets and Jonathan Zisaruk as head of legacy as part of a quartet of senior appointments within the intermediary’s corporate advisory and solutions division.
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IRB names MetLife executive Carvalho as new CEO
The board of IRB Brasil Re has elected Raphael Afonso Godinho de Carvalho as CEO of the reinsurer, taking over from Wilson Toneto on 1 October.
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BMS Re confirms Farrell hire
BMS Re has confirmed the appointment of Jerry Farrell in a move first revealed by The Insurer last week.
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Cover Whale launches trucking program on Everspan paper
Commercial auto insurtech Cover Whale Insurance Solutions has launched an E&S trucking program in partnership with participatory fronting carrier Everspan.
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Axa XL names Clark as marine liabilities global practice leader
Axa XL has appointed Stephen Clark as its new marine liabilities global practice leader in addition to his current responsibilities as North America hull and liabilities practice leader.
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Liberty Specialty Markets appoints Axa XL’s Harth to lead the Germany office
Liberty Specialty Markets has hired Michael Harth as country manager for Germany, starting in January 2022.
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UK (re)insurance industry calls for “leadership” from PM on climate issues
Almost 100 UK businesses, including eight representing Britain’s (re)insurance sector, have written to Prime Minister Boris Johnson urging him to show strong “domestic leadership” that can help deliver global progress on climate change.
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Brown & Brown expands employee benefits unit with Agis Network acquisition
Brown & Brown has expanded its employee benefits business with a deal to acquire substantially all of the assets of Agis Network.
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Lloyd’s says one third of new hires should be from ethnic minority backgrounds
Lloyd’s has said it plans to mandate the collection of ethnicity data as part of a move to drive up the representation of ethnic minorities across the market.
