Operations/tech

Other rival parties are understood to remain in talks about buying the shuttered entity's assets.

John Lupica steps into the role of president for North America commercial and personal insurance.

The company is looking to increase its retained capacity and grow its fund with pre-emptions and acquisitions.

A snap poll of Insurance Insider’s London-based readership last week found that a third of respondents were planning a return in September but many are waiting until next year.

Carrier will also reduce office space, improve technology and simplify its product suite.

Response also rebuffs complaints over Goldman Sachs conflict disclosures.

The regulator said insurers should work on a case-by-case basis on government support deductions, otherwise it could step in.

The program administrator expanded into the business line at the beginning of the year.

Reinsurance chairman will take on the CEO role until a successor is announced

Lara Mowery and John Crichton will also join the committee as global head of distribution and chief information officer, respectively

The insurer says it’s not appropriate to claim government financial assistance on what is an “established and core product”.

The CEO also casts doubt on the future of event cancellation cover.