Company news
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.
MS Amlin AG adds Michael Koller as CRO
MS Amlin AG has appointed Michael Koller as chief risk officer replacing Catherine Farnworth who is leaving after more than eight years with the business.
Rebranded broker Lucida ready for deals
Right Choice Holdings, owner of Right Choice Insurance Brokers, Bennetts and Moorhouse has rebranded as Lucida.
PIB deals cost £92.8m in 2020
The cost of buying eight businesses and three books of business totalled £92.8m in 2020 for PIB Group, a filing at Companies House has revealed.
Zurich UK takes Caroline Dunn from Lloyd’s as chief underwriting officer
Zurich has recruited Caroline Dunn as chief underwriting officer in the UK joining from Lloyd’s where she was head of market development.
Zurich promotes Paolo Mantero to group chief strategy officer
Zurich Insurance Group has appointed Paolo Mantero as group chief strategy officer succeeding Giovanni Giuliani who is moving to be CEO of Zurich Italy.
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.
Rupert Moore to succeed Nick Frankland as UK CEO of Aon’s reinsurance solutions
Aon has appointed Rupert Moore to take over from Nick Frankland in leading its reinsurance solutions in the UK as part of a global management reshuffle.
Zurich recruits Peter Kasahara as group chief data officer
Zurich Insurance Group has appointed Peter Kasahara as group chief data officer joining from PWC.
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.
Swiss Re appoints Jason Richards as UK and Ireland CEO
Swiss Re has named Jason Richards as country president and CEO of UK and Ireland effective 1 January 2022.
Willis Re buy a growth not a synergy story, say Gallagher chiefs
The up to $4bn (£2.9bn) purchase of Willis Re will be a manageable integration costing $250m over three years, according to the leaders of Gallagher.
Gallagher to buy Willis Re for up to $4bn
Gallagher has agreed to pay up to $4bn (£2.9bn) for Willis Re's treaty reinsurance brokerage operations, reviving the deal that was called off when Aon’s takeover of Willis Towers Watson collapsed.
Questgates continues acquisition spree; Dual to buy Align Financial; Right Choice bags Moorhouse; Admiral, Ageas, Allianz, Aviva and Zurich report UK results
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Adam Winslow hails progress at Aviva and promises more to come
Aviva has grown across all commercial lines of business and all sizes of brokers this year, UK and Ireland general insurance business CEO Adam Winslow told Post.
Aviva posts highest half year GWP in UK for a decade
Aviva has recorded £2.49bn of gross written premium in the UK for the first half of 2021 up 8% on the same period of last year as it swung back to operating profit.
LV and Allianz saw £22m claims hit from floods and storms in July
The floods and storms across the UK last month cost Allianz and LV £15m and £7m respectively, Allianz CEO Jon Dye told Post.
Aon expects $350m of extra costs after WTW deal termination
Aon expects additional charges of up to $400m (£288m) from the cancelled Willis Towers Watson deal.
Ardonagh hires former Ireland rugby captain Best
Ardonagh has appointed former Ireland rugby captain Rory Best as director of development.
Case: Refusal to compromise client and colleague priorities behind merger cancellation
Aon CEO Greg Case has stressed in a letter to clients that the broker was confident of winning the US Department of Justice court case as he laid out the reasons for walking away from the Willis Towers Watson deal.
GRP deal for WTW NI business still on after mega-merger collapse
Global Risk Partners has confirmed to Post that its agreement with Willis Towers Watson to buy WTW’s commercial risk and broking business in Northern Ireland will still go ahead despite the cancellation of the WTW-Aon merger.
Gallagher to cancel debt and investigate share buyback as Willis Re deal thwarted
Arthur J Gallagher has confirmed the termination of its deal to buy certain assets from Willis Towers Watson including Willis Re for $3.57bn (£2.52bn) and laid out plans for the funds as the Aon-WTW merger collapsed.
Bought By Many names Oshlyansky first chief product officer
Bought By Many has appointed Lidia Oshlyansky, who has worked for Spotify and Google, as chief product officer.