Operations/tech
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A former NOAA climatologist who left the agency is running the new operation. -
The company is looking to grow through its new MGA incubator program.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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Since Simon Wilson was elevated to insurance CEO, the firm has been refocusing its underwriting.
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The tech subsidiary applied to list its common stock on the New York Stock Exchange under the ticker symbol “XZO”.
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Activists from the left and the right are focusing on insurance, often on the same issues.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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The layoffs will mostly affect workers in Michigan.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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The new unit will be led by former Emerald Bay exec George Dragonetti.
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The firm posted trailing 12-month organic growth of 23% YoY supported by a three-pillar strategy.
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JH Blades, Southern Marine and Energy Technical Underwriters will merge to form the new brand.
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The $20bn+ TIV data center is seen as the leading edge of significant new demand.
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Getting that message across is key to bettering the industry.
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Sources said the start-up has two $10mn+ Ebitda platform deals lined up.
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Sources said they expect the carrier’s listing to raise about $100mn.
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The executive has been with ASG since it was formed in 2016.
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The insurance industry’s lower reliance on foreign skilled workers softens the blow.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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The deal’s benefits headlined AJG’s investor day presentation.
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As data privacy litigation increases, insurers increasingly lean on exclusions.
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The program, expected to start doing business next month, will be wholesale-only.
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It is understood that CyberCube has been considering a sale of the business.
