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The Week in 90 Seconds: Finch fraud verdict; Marine re renewals; Blueprint Two
Plus all the latest people moves and top stories of the week.
Samuel Casey
,
29 September 2023
Former PartnerRe CEO Clarke becomes BMS chair as Eurazeo deal completes
A completion of the investment by the continental PE firm has coincided with the appointment of Emmanuel Clarke as BMS Group chairman.
Abbie Day
,
28 September 2023
Ex-AFL owners face asset freeze, spending limits after fraud case
A worldwide freezing injunction was issued to Alex and Robert Finch, the former directors of AFL Insurance Brokers, after they were found to have committed fraud.
Ayesha Venkataraman
,
28 September 2023
AM Best assigns ‘superior’ financial strength rating to Aviva Insurance Limited
The ratings agency said the rating reflected the “strategic importance” of the subsidiary to the group.
Samuel Casey
,
28 September 2023
AI could hinder D&I by amplifying existing biases: Dive In panel
The panel discussed issues around AI including its deployment, ethical concerns, bias minimisation, decision-making and the role of leadership.
Ayesha Venkataraman
,
28 September 2023
IFRS 17 to cost insurance industry $21bn-$27bn: WTW
Survey participants said "much work remains post-implementation".
Abbie Day
,
28 September 2023
Porch Group invests $57mn in HOA as Vesttoo fallout continues
The company has also been appointed to the statutory committee of unsecured creditors in Vesttoo’s bankruptcy case.
Samuel Casey
,
28 September 2023
Tower renews reinsurance with only ‘moderate’ increases
The New Zealand-based carrier has also decreased the upper limit of its catastrophe programme from NZ$934mn to NZ$750mn.
Aisling Finn
,
28 September 2023
RSA appoints Houghton as head of financial risks in mid-market, commercial lines business
The Manchester-based role will see Houghton managing the firm's financial risks portfolio.
Abbie Day
,
28 September 2023
Aviva takes AGCS’s Laskey as head of management liability
The carrier is rebuilding its financial lines team following a number of staff exits from the division.
Samuel Casey
,
28 September 2023
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