AIG
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Ark has been adding new product lines across its three Lloyd’s syndicates. -
IAG completed its takeover of RACQ last month.
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This publication revealed in February the incident was expected to lead to a major claim.
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An M&A senior analyst and M&A underwriter for emerging markets are also set to depart.
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The Argenta-backed MGA is already active in the cargo and property classes of business.
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Claude Wade is to step down from his role to address ongoing health issues.
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Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.
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The carrier is the first Fortune 500 company to take a stake in a League Two club.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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The claim could add pressure to the hull war market after a recent High Court ruling.
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The former Everest executive has more than 30 years of A&H experience.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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Plus, the latest people moves and all the top news of the week.
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John Neal was due to start at Aon as global reinsurance CEO in September.
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The former Lloyd’s CEO will not make his planned move to Aon.
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Claire Janaway is leaving the carrier after 19 years.
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The claim hits the downstream market following a loss-hit start to the year.
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Air India has a multi-year insurance arrangement in place.
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Sources told this publication the hull of the aircraft is valued at $80mn.
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Andrew Kane has spent eight years at QBE.
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Hussey will take over the role left vacant when Luis Sonville moved to AJ Gallagher late last year.
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The carrier has also added AIG’s Alice Hawkins to its aviation unit.
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AIG, HDI Global and others have settled. Chubb’s fight continues.
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Simon Horton spent 10 years at Marsh before joining AIG last year.
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The executive will provide strategic leadership to underwriting and portfolio management teams.
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Newly appointed CEO Chris Jones also joins the board.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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The carrier laid out its business mix for the newly launched reinsurance syndicate.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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The transition will take place immediately, with Anthony Baldwin set to leave next month.
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The carrier recently started underwriting construction in Lloyd’s through Probitas.
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Sources said the claim is likely to be a multi-hundred-million-dollar event.
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The carrier is restructuring the business into three segments.
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Arta Nasradini joins from AIG, where she led the DACH aerospace team.
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The Moss Landing facility has previously faced major claims.
