United States of America (USA)
Bought By Many doubles GWP and reveals now live in 28 US states
Bought By Many owner Many Group wrote £146m of gross written premium in 2020/21 with turnover up 113% at £37.13m, the business has revealed.
Analysis: Astroworld - liability and legacy
The Astroworld tragedy could have a lasting impact on US legislation, experts have predicted, as a liability battle around the fatal event emerges.
Aon names Jillian Slyfield chief innovation officer
Jillian Slyfield has been appointed Aon chief innovation officer, based in San Francisco.
Intelligence: Deepfakes – the next cyber threat?
Recent technological advances and increased dependence on video-based communication have accelerated the ability for fraudsters to create realistic audio and video fakes, also known as deepfakes, using artificial intelligence learning. Post investigates…
Dominic Burke to retire from Marsh McLennan in series of executive changes
Dominic Burke, vice-chair of Marsh McLennan, will retire in mid-January, the broking giant has confirmed.
Top 30 Asia Insurers 2021: Resilience under pressure
Asia Pacific non-life insurers have proven their agility and tenacity in overcoming headwinds over the past year to deliver solid results. Christie Lee, senior director of analytics for Asia-Pacific at AM Best, discusses the region’s scorecard
Interview: Steve McGill, McGill and Partners
Having successfully launched the boutique specialist (re)insurance broker only two years ago CEO Steve McGill sets out the firm’s ambitious global growth plans, the ethos underpinning the relatively new start-up and reflects on his route through the…
'Silent climate' cover in policies a risk as litigation ramps up
Lawyers are working with clients to understand how insurance policies may or may not respond in the event of climate-related litigation, as more governments and companies find themselves subject to lawsuits.
AIG promotes Fitzsimons to CFO and shuffles senior leadership team
AIG has promoted Shane Fitzsimons to group chief financial officer amid senior leadership team changes, effective from 1 January 2022.
EQT and Vitruvian invest in CFC
The reinvestment in CFC by private equity house Vitruvian Partners and new funds from EQT is not the starting gun for an acquisition spree, according to founder and group CEO David Walsh.
RIMS CEO Mary Roth to retire
RIMS CEO Mary Roth has announced her plans to retire following the organisation's 2022 annual conference and exhibition due to be held in San Francisco next April.
Chubb boss Greenberg lets loose on industry cyber failings
The insurance industry has not 'developed well' in tackling cyber risk, Chubb CEO and chair Evan Greenberg has told conference delegates.
CMA launches merger inquiry into Gallagher-Willis Re deal
The Competition and Markets Authority has opened a merger inquiry into Arthur J Gallagher buying Willis Towers Watson’s treaty reinsurance business looking at whether the proposed deal will lead to a lessening of competition in the UK market.
Rob Bredahl named Tiger Risk CEO as Rod Fox becomes chair
Tiger Risk Partners has appointed Rob Bredahl as CEO with founder and incumbent Rod Fox taking on the role of executive chairman.
Parhelion adds David Foreman as chair
Howden-backed Parhelion has appointed industry veteran and founding member of Ark Syndicate Management David Foreman as chair.
Brokers foresee disruption from Amazon business insurance deal but no reason to panic
Amazon Business’ partnership with insurtech Superscript has the potential to bring an element of disruption and grab niche market share by meeting demands but advice is still key for corporate SME business, according to experts.
Beazley recruits Bob Quane from Axis Capital as CUO
Beazley has appointed Bob Quane as chief underwriting officer joining from Axis Capital where he was CUO of the insurance segment.
Aon, Aviva and Axa leaders showcased on top 100 women executives list
Julie Page and Jennifer Bell of Aon, Danny Harmer from Aviva and Axa’s Tracy Garrad have all featured on this year’s Heroes 100 Women Executives List.
Intelligence: 11 September 2001 - 20 years on
With this week marking the 20th anniversary of the terrorist attacks in New York and Washington on 11 September 2001, Post looks back to see how the insurance market handled the claims and how terrorism cover has adapted since then.
AIG CEO Peter Zaffino to add chair role as Brian Duppereault retires
Peter Zaffino, president and CEO of American International Group, will take on the additional role of chairman of the board of directors on 1 January 2022, the provider has announced.
Editor’s comment: The death of the mega deal?
If not for Covid-19 then the biggest story for the insurance industry of 2020 would have been the $30bn (£21.9bn) mega merger of broking giants Aon and Willis Towers Watson.
Willis Towers Watson revamps global management structure after collapsed Aon deal
Willis Towers Watson has set out a three geographies and two segments approach as it restructured its global leadership team in the wake of the aborted merger with Aon.
Ardonagh adds £900m to firepower as Ebitda rises and losses narrow
Ardonagh has posted a 33.4% rise in income and a 42.4% increase in Ebitda for the first half of 2021.
Dual targeting $3bn GWP within five years after Align buy
Howden-owned Dual can create a “really unique position in the market” as a specialist underwriting managing general agent and push for substantial further growth on the back of the deal to buy US firm Align Financial, CEO Richard Clapham told Post.