Operations/tech
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The Zurich-based Munich Re subsidiary replaces Renate Strasser.
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The senior partner says the investor is eyeing further insurance opportunities. -
The reinsurance convention will take place between 11 to 16 September “subject to the health situation”.
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Sources said the flagship syndicate failed to meet top-performer requirements.
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D&O is a major focus of the remediation work, with new business halted and a number of accounts expected to be non-renewed.
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The executive is to take over all global insurance lines including AGCS and Euler Hermes.
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Analyst Philip Kett said that the move could lift the company’s valuation.
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The restructuring primary business will continue to operate independently from the group.
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Almost three quarters of insurance leaders surveyed expect to maintain or add jobs next year.
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Gabe Mansky and Andrea Friedman will focus on Israeli-based corporations and banks and their US affiliates.
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Tamara Simpkins Franklin will join on 1 October and report directly to president and CEO John Doyle.
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The former Liberty executive’s long-term ambition is to build a tech-enabled, London-based risk carrier to align with the Future at Lloyd’s vision.
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