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Axa reduces number of board members as Clamadieu to retire

The board of directors has chosen not to replace Jean-Pierre Clamadieu, decreasing the board numbers from 17 to 16 members.

Abbie Day, 27 February 2023
Bank of America promotes Alpert, Kleinsteuber to global insurance IB co-heads

Alpert joined BAML in 2018 from UBS as managing director to lead the bank’s EMEA insurance-focused team while Kleinsteuber has led the US insurance unit since 2020.

Adam McNestrie, 27 February 2023
AIG adds Murphy and Wittman to board of directors

Diana Murphy has been managing director at Rocksolid for 15 years, while Vanessa Wittman was most recently CFO of Glossier.

Aisling Finn, 27 February 2023
PRA to propose new accountability metrics for economic growth duty

The regulator will propose quantitative metrics that Parliament could use to hold the regulator accountable for achieving a new growth objective.

Marcel Le Gouais, 27 February 2023
Pen Underwriting promotes Simmonds to MD of public-sector division

Seb Simmonds will succeed current divisional MD Nick Colyer, who is set to retire.

Abbie Day, 27 February 2023
IDF to target $5bn in offered capacity by 2025

As it stands, the Insurance Development Forum has hit $2.2bn in expected or offered risk capacity across 22 ongoing country projects.

Aisling Finn, 27 February 2023
QBE Syndicate 386 reports 9.5% capacity loss to Names in 2020

The result represented a 4.2-point deterioration from previous mid-point forecasts.

Samuel Casey, 27 February 2023
Berkshire Hathaway’s reinsurance unit reports $1.39bn profit for 2022

TransRe contributed $986mn of P&C re premium during the year.

Rachel Dalton, 27 February 2023
Carbon Underwriting hires CNA Hardy’s Gras to lead professional lines

CEO Nick Tye told this publication earlier this month that the company was planning a financial lines launch.

Samuel Casey, 27 February 2023
Insurance M&A activity reaches 10-year high: Clyde & Co

The Insurance Growth Report said 242 M&A deals took place in H1 of 2022, with a significant drop-off in the second half of the year.

Abbie Day, 27 February 2023

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