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Raft of senior Pioneer leaders exit as capacity scramble continues

Group underwriting director Graeme Rayner, CFO David Foster and COO Simon Gaffney are all to leave the firm.

Catrin Shi, 18 December 2019
Wefox plans US and Asia expansion after London hub launch

CEO Julian Teicke said the new hub will become the “most interesting and most profitable” part of their business.

Anna Sagar, 18 December 2019
Hiscox posts 22.6 percent 2019 UK gender pay gap

Women employed by Hiscox also earn 31 percent less than men in bonus pay.

Anna Sagar, 18 December 2019
Zaffino named AIG president alongside existing roles

Move will be seen as a confirmation that the former MMC exec will ultimately succeed Duperreault.

Adam McNestrie, 18 December 2019
Price for broker consolidators hits 15.2x Ebitda in 2019

‘Platform’ brokers are allowing buy-and-build M&A strategies to achieve record deal values, according to a Hines report.

Rachel Dalton, 18 December 2019
AM Best revises Nationwide outlook to stable

Strong balance-sheet growth, marginal operating performance, favourable business profile and appropriate enterprise risk management were factors in the outlook.

Anna Sagar, 18 December 2019
Judge clears $11bn PG&E settlement

The move will release funds to insurers and subrogation rights holders, transferring losses from the Camp Fire and other 2017 events to the utility.

Fiona Robertson, 18 December 2019
LSM hires NA terrorism head from Hiscox

Jennifer Rubin will become senior underwriting executive and head of terrorism underwriting for North America.

Anna Sagar, 18 December 2019
EMEA M&A insurance demand robust despite lower deal count: Aon

Major transactions are being stalled by macroeconomic and geopolitical uncertainty.

Samuel Casey, 18 December 2019
The best anti-poaching strategy for brokers is to convince staff not to leave rather than to sue them

Hardly a month goes by these days without a legal brawl breaking out between rival insurance brokers over employees decamping from one to another.

Christie Smythe, 18 December 2019

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