Michael Connealy, the CEO and president of Tokio Marine HCC’s crop insurance unit Producers Ag is set to step aside in a move that will put his top deputy in position to take up the role.
The Hartford posted first quarter profits – described as core earnings – that fell 2 percent to $378mn driven by a climbing loss ratio as cat losses crept higher.
Markel’s operating income fell by almost half to $127.4mn in a first quarter that saw the firm preannounce an $85mn reserve charge that tipped it into an underwriting loss.
Marsh CEO Peter Zaffino’s name has appeared alongside that of Hamilton boss Brian Duperreault as a potential candidate for a role in AIG’s leadership team.
AJ Gallagher has snapped up another regional intermediary, this time in the form of Oklahoma’s self-styled fiercely independent Commercial Insurance Brokers.
