News Archives - Insurance Journal

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1 02, 2024

What Would UK Labour Party’s Finance Sector Plan Mean for City of London?

By | February 1st, 2024|Uncategorized|Comments Off on What Would UK Labour Party’s Finance Sector Plan Mean for City of London?

Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global competitiveness following Brexit as top rival New York lures …

1 02, 2024

Chubb Writing More Personal E&S but CEO Greenberg Doesn’t Like the Trend

By | February 1st, 2024|Uncategorized|Comments Off on Chubb Writing More Personal E&S but CEO Greenberg Doesn’t Like the Trend

Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly celebrating. While he reminded analysts during a fourth-quarter earnings conference call that the large majority of Chubb’s personal insurance portfolio …

1 02, 2024

Markets/Coverages: Brace Underwriting Launches Brace USA

By | February 1st, 2024|Uncategorized|Comments Off on Markets/Coverages: Brace Underwriting Launches Brace USA

Brace Underwriting Limited recently announced the launch of Brace USA with Glenn Dorr as president and head of marketing, North America. reporting to Adam Holberry, Group CEO of Brace. Founded in October 2019 by group CEO Adam Holberry, London-based Brace …

1 02, 2024

Spenner Named Gallagher Re’s CEO, International, as Melia Retires

By | February 1st, 2024|Uncategorized|Comments Off on Spenner Named Gallagher Re’s CEO, International, as Melia Retires

Dirk Spenner has been appointed to the role of CEO, International, at Gallagher Re, taking over from Tony Melia, who is retiring after a career of over 40 years. Spenner’s new role is effective June 1, 2024. He joined Willis …

1 02, 2024

Top European Leaders Test Positive for Cancerous ‘Forever Chemicals’

By | February 1st, 2024|Uncategorized|Comments Off on Top European Leaders Test Positive for Cancerous ‘Forever Chemicals’

Chemicals linked to severe health issues including cancer, infertility, birth defects and immune system disruptions are everywhere and no one is safe from them — not even top politicians, according to a campaign advocating for a European Union-wide ban. Former …

1 02, 2024

People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber

By | February 1st, 2024|Uncategorized|Comments Off on People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber

This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service Company Probitas, the Lloyd’s insurer, announced appointment of Robbin Botnick …

12 01, 2024

Ex UK Goldman Sachs Manager Seeks $1.27M Over Harm From ‘Dysfunctional’ Workplace

By | January 12th, 2024|Uncategorized|Comments Off on Ex UK Goldman Sachs Manager Seeks $1.27M Over Harm From ‘Dysfunctional’ Workplace

A former senior Goldman Sachs manager is seeking around 1.0 million pounds ($1.27 million) from the Wall Street bank in London over allegations that bullying and a dysfunctional workplace destroyed his physical and psychological health. Ian Dodd, a 55-year-old former …

12 01, 2024

People Moves: Allstate Names Fiato EVP and Chief Claims Officer; TNEDICCA Names Progressive’s Pratt to Board

By | January 12th, 2024|Uncategorized|Comments Off on People Moves: Allstate Names Fiato EVP and Chief Claims Officer; TNEDICCA Names Progressive’s Pratt to Board

Allstate, headquartered in Northbrook, Ill., named Mike Fiato as executive vice president and chief claims officer, effective Jan. 22. Fiato joins Allstate with more than 32 years of industry experience. Most recently, he served as executive vice president and chief …

12 01, 2024

Plastic Pellet Spill Unleashes Cleanup Nightmare on Spain’s Coast

By | January 12th, 2024|Uncategorized|Comments Off on Plastic Pellet Spill Unleashes Cleanup Nightmare on Spain’s Coast

Tiny white plastic pellets are washing ashore in Spain’s northwestern coast by the millions, with hundreds of volunteers leading the clean up as authorities struggle to coordinate and companies decline any responsibility. A tanker ship lost six containers off the …

12 01, 2024

Bank of England May Tighten Up on Life Insurers’ Use of Offshore Reinsurance

By | January 12th, 2024|Uncategorized|Comments Off on Bank of England May Tighten Up on Life Insurers’ Use of Offshore Reinsurance

The Bank of England may tighten supervision of life insurers’ use of the “funded reinsurance” market, typically alternative asset managers who make riskier investments, as corporate pension providers increasingly rely on this offshore sector. Funded reinsurers help insurers manage the …