Operations/tech
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The development follows news that the start-up's HQ will be inside the Lloyd's Building. -
The executive leaves the London-listed carrier after 18 years.
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Bobby Bowden is also promoted to EVP for the global insurance segment.
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John Neal described the development as a “vote of confidence” in the Future at Lloyd’s strategy.
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The Lloyd’s policyholder chief will work on DA Sats and the delayed implementation of Chorus.
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The carrier has also cut its North American primary D&O exposure by 35 percent.
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The experienced executive joins the legacy acquirer from The Warranty Group.
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Richard Tomkins will relocate to become managing director of Tysers Bermuda Ltd.
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Withdrawals from US inland marine, yacht and prison insurance follow a trend set in the London market.
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The pullback is one of several lines to be trimmed as the carrier cuts $900mn of premiums from its portfolio.
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The JLT Specialty risk management head returns to Aon.
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CEO Brian Duperreault addressed expense levels while launching the “AIG 200” programme.
